P. Diddy's (Sean Combs) White Party Jesse Grant / Getty Images / Via latimes.com Every year P. Diddy throws a White Party, where guests go to one of his houses (either in Los Angeles, Southampton, or St. Tropez) dressed all in white to drink and eat while raising awareness and funds for a charity of his choice. It's considered one of the most high-profile events of the year, and Diddy only invites the most influential individuals he knows to attend. Very little information is known about the funding that goes into throwing the White Party, but the lack of details just heighten the feelings of having actually "made it" once you receive an invitation. Andrew Jackson's Inaugural Party of 1849 Via history.com The first thing Andrew Jackson did as President of the United States was throw a gigantic rager at the White House. After he was sworn into office on March 4, 1829, he went back to his new digs and drank whiskey while more than 20,000 people helped him celebrate his inauguration by jumping on furniture, breaking dishes, and then ruining all the carpets and rugs in the joint by dropping food and then walking around aimlessly. Elizabeth Taylor's 60th Birthday Party at Disneyland Wade Byars / Getty Images / Via ew.com One night in February of 1992, Elizabeth Taylor arrived at Disneyland in a horse-drawn white carriage while one thousand of her closest friends lined the streets and cheered for her, thereby beginning the celebration of her 60th birthday. Guests like Jon Voight, Henry Winkler, Cheryl Tiegs, Gregory Peck, Tom Selleck, David Bowie, Richard Gere, Joni Mitchell, Dionne Warwick, Cindy Crawford, Geena Davis, Stevie Wonder and Shirley MacLaine were all there to mark the occasion, and everyone dined on pasta, turkey hot dogs, and other barbecued foods.Alcohol was served discretely, and guests were transported to Fantasyland via vintage automobiles decked out in orchids. Everyone was entertained by jugglers, folk dancers, a band and various Disney characters, and the pricetag of the event was kept very secretive (the only details revealed were that at the time, it cost $8,000 to rent the park after it has closed for the night). Philadelphia's Party for the Delegates Who Signed the Constitution in 1787 Via cracked.com The city of Philadelphia honored the 55 delegates responsible for the Constitution by throwing a massive party on September 15, 1787, just two days before the document was actually signed. And even though only 55 people were in attendance, the alcohol was in abundance. In fact, the group drank more than 100 bottles of wine, 22 bottles of porter, 12 bottles of beer, 8 bottles of whiskey, 8 bottles of hard cider, and 7 bowls of spiked punch.And, in addition to the group's tab, a 2% fee was added to the bill because of all the bottles, tables, punch bowls and chamber pots that were broken during the celebration. Truman Capote's Black and White Ball in 1966 Harry Benson / Getty Images / Via independent.co.uk To celebrate the success of "In Cold Blood," Truman Capote hosted a huge party at the Plaza Hotel in June of 1966. He called it the Black and White Ball, and invited 540 people from Hollywood, media, politics and high society to the gathering. He demanded everyone conceal their identities behind masks and only wear clothing that was either black or white.Many of the guests found Capote's requirements to be confusing and upsetting, because they wanted to pose for photographers and be recognized in their most glamorous outfits. Various media sources covered the event, like the New York Times, CBS News and The Washington Post, and guests like Frank Sinatra, Mia Farrow, Candice Bergen, Richard Avedon, Cecil Beaton, Jerome Robbins, the Rockefellers and the Vanderbuilts all attended. The party reportedly cost between $13,000 and $16,000 (between $90,771 and $111,000 in today's dollars) and guests consumed more than 400 bottles of vintage Taittinger champagne.