Answers:
It scheme that the guests are treated as customers and are asked to discharge for their drinks at what pass for a private social function...It also technique that the "hosts" planned a celebration they could not afford and should hold chosen to serve beer, wine and or punch...or skipped the alcohol altogether and stuck to soft drinks.
Other Answers:
no-host
Pronunciation: (nō'hōst"), [key]
—adj. Chiefly Western U.S.
requiring patrons and guests to remuneration a allowance for attendance or to salary for any food and drink they consume: a no-host cocktail carnival; a no-host dinner-dance.
Source(s):
http://www.infoplease.com/ipd/A0554450.html
Sometimes referred to as a currency pole. The host does not remuneration for the alcoholic beverages.