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You can't keep doing the same old, same old and expect it to last. Adapt or die.
ps. CyberSEO has a point, the industry was made up mostly of twentysomethings at the time, they're 40+ now, of course the parties will be more tame for the most part.
In addition, the industry as a whole has matured. Less hobbyists, more data-driven decisions and strategy. But I do understand why your inner child is disappointed in the lack of debauchery...as a sidenote, the parties you mention are still there, but they're more discreet, invite only and take place behind closed doors.
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