A party usually held in a basement, but can be held anywhere there is enough room in a house, in which teenagers or young adults pay an admission (usually one dollar-hence the name) and dance in the dark to hip-hop or Baltimore club music. The dancing can be erotic, such as girls giving boys lap dances, or people can battle one another dance-wise. Usually about 30 to 50 or even more will cram into a small space creating a sauna-type amtmosphere and dance until curfew. Great place to pull an "R. Kelly" due to low or no lighting.
Yeah, the twins dollar party was bangin' last week. There were about 60 people there in the basement and the girls were grindin' so hard on me, I thought I was gonna nut!!