A social gathering of a group of friends or acquaintances at a destination, usually one of the group's house or residence, where they decide to get collectively 'fuck the fucked up'. This phenomenon usually occurs within groups of people who are generally lacking vital funds to spend an entire night 'on the town'. For these reasons, 'prinks' are usually popular among students at university.
May also be referred to as 'pre-drinking', 'prinking' or 'drinking until I pass out, throw up or shit myself at pres'.
William: Would you lovely people care for a number of beverages in the lounge before heading to some of our favoured establishments?
Rosie: You know you can just call that Prinks?
Kyle: I'm gonna Prink so hard tonight I prolapse my own ass!