What is Lanyard Party?
When a group of friends gather in someone's home to whip each other's arms with a lanyard. Endless entertainment. Don't forget to make sure to stock up on frozen meats...you'll need them for the swelling.
At Mike's house we had a Lanyard Party where John took Mike's "Spongebob Squarepants" lanyard and continued to repeatedly whip Andes arm until it was red.