First of all I feel your pain.. We had the same thing a few houses up from us back when I lived at home... A bunch of little assholes that had no life and all the did was stay up, get drunk and blast music all night just about every night.. It was bullshit and there wasn't much we could do..

My only suggestion for really making the most of the situation is buy yourself a bottle of bourbon and go join them and take their women back to your apartment... Then at least YOUR getting something out of their stupid parties..