I do all sorts of stuff.

If it's an exchange or something we'll generally hit up someones house and start drinking, then head to the bar for the exchange, and then eventually migrate to our fraternity house and finish the night off.

If we're going out or something, we'll go somewhere and drink until about 11 or 12 then hit up the club. This is generally the most cost effective way to go.

If its a house party, well pretty much anything after 5:00 is game.

I drink so rarely now that my tolerance is zilch. I went to a wine tasting event last night and really had to pace myself carefully. I ended up ordering 5 bottles of wine and now I'm thinking "When in the world am I going to drink these?" They stay good if stored in a cool basement though, right?

Yes - don't forget that if they're a natural cork it's better to store the wine bottle on its side or tipped a little bit toward on its side - it'll keep the cork moist so it's easier to deal with.

They'll stay good forever there (or only get better) as long as it's not too hot and there's not a lot of sunlight.