So, can/do you? Any hints or tips?
Note: Posted while drunk.
Weed, yep - checking my code in the morning makes me want to weep with joy, because there's so much of it and it's so cleverly done compared to my usual fare. The only problem with it is that I never comment or use descriptive variable names... so it can be a bit tricky to get my head around at first. It's basically done by a much better programmer than me, but one who doesn't realise the importance of clarity of intent.
In my opinion, this is an urban legend.
When you write code for other people to use though, it's best not to get drunk. I think drunk coding is great for hacking, not so good for production code. I'm with hcarmichel, keep it to one or two beers tops.
Also, I can code as hell all night long drinking whiskey+coke, while with beer my motivation vaporizes the moment I open the can.
About student life vs real life, now you're simply tired of working so you're less motivated to do code when you drink at home to relax. That's just it, I have the same experience.
Past drunk (eg wasted), I can't do it, and beer usually just saps my motivation completely.