Party
/ˈpɑ(ː)ɾi/
noun
A person or group of people constituting a particular side in a contract or legal action.
“The contract requires that the party of the first part pay the fee.”
A person.
A group of people forming one side in a given dispute, contest etc.
verb
To celebrate at a party, to have fun, to enjoy oneself.
“We partied until the early hours.”
To take recreational drugs.
To engage in flings, to have one-night stands, to sow one's wild oats.