I looked it up at Urban Dictionary, the objective of that kind of party is to impregnate as many women as possible.
I contemplated attending but then concluded that I want to know who my children are, and that they would want to know who their father is. Even under the best of circumstances it is painful not to know one's father - look at Steve Jobs.
I was once invited to have unprotected sex with a complete stranger. She was quite lovely, definitely someone I would want to be with but we just happened to stumble across each other at Burning Man. I expected I would never see her again so I declined.