When you and a group of people go on a merry go round naked and have an orgy, and when the ride stops, you all puke on each other...
“Me and the gang had a merry go fuck fest”
The end of the week when you finally get to grab your sexual interest and do your thing together.
More bluntly put; go out with your interest, down some drinks, listen to some music and fuck each other's brains out all night.
Chick 1: "where were you last night?"
Chick 2: "you kidding, it was Fuck Fest Friday! We were in every room!"
Chick 1: "ooh nice!"