Hmmm, I dunno. Most less modernized settings doesn't have much of such thing.
The closest would be, say, karaokes nights, crazy snacks and drinks than raves. These parties are very inclusive, very interactive and are very often can happen anywhere for whatsoever reason.
Done a few of these myself. If I were brave enough, I could've host or turn the whole thing in a different twist.
Sure, the first one and a few segment or so I can brag. But no life changing stuff, really. It's a moment of fulfillment alright -- but not a life fulfillment.
In a more modernized setting, however, it's more or less emphasized. They're just mimicking what many thinks as fulfilling or 'in', and therefore socially 'exclusive' (for, say, whatever people judges as 'for cool guys' or socialites), from the Western preferences.
Parties here are really meant for bonding, enjoyment, sharing and celebration. Not for merely beating one's own system senseless highs (unless you have issues of addiction, or issues you're trying to escape or let out) and dividing who's 'in' and who's 'out'.
The Western concept of party animal life myth also perpetuates in this culture modernized settings to some extent, no thanks to colonial mentality...