A party hosted by white males featuring solely the attendance of black females, for the purpose of interracial coitus.
Example 1
White Guy 1: Yo dude, I want to get with some black chicks.
White Guy 2: Let's host a zebra party this weekend.
Example 2
White Guy 1: Have you seen the donk on La-a.
White Guy 2: We better invite her to the zebra party we're throwing this weekend.
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