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Years ago, we used to charge $10 for an all-you-could-drink party.
I think in this day and age you could do the same. $10 is more than fair, cheaper than going out to a bar, the selection of drinks is good, the company more interesting and it will be a lot of fun.
So beg, borrow, or steal about $500, get all you booze, mix, and ice and you will break even...perfect.
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Life's jounney is not to arrive at the grave safely in a well-preserved body, but rather to skid in sideways, totally worn-out shouting, "Holy sh*t! What a ride!" - unknown 
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