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Seven reasons why big New Year's events are awful, and a house party is the way to go

New Year's Eve is the cherry atop the festive cake. A final feast before the January famine, promising drinking, merry-making, and a chance for single people to feel even more jaded than usual come midnight.

Broadly speaking, there are two schools of thought on how to structure the perfect New Year's Eve. School number one opts for the big occasion: A nightclub, a bar crawl or, most...