shebonk

n. a replacement for thingy, a noun which refers to a thing which you don't feel like naming at the moment.

An exclusive event organized by the coolest people in the town, where you usually get massively fucked up, meet the most amazing people, have so much fun, and much more. It can be also used as a verb, referring to the act of joining such events or hanging out with awesome people who have figured out what fun is and know how to enjoy their lives to the fullest.