You didn't mention Europe, but just in case you include some, these are all party hostels:
Rising Cock Hostel: Lagos, Portugal
Balmer's Herberge: Interlaken, Switzerland
The Flying Pig Downtown: Amsterdam, Holland
The Pink Palace: Corfu, Greece
Good luck
Jon
I don't know if it qualifies as a 'party hostel' in the out-of-control sense of some of the really famous ones, but I had a fantastic time at the Pepi Patch hostel in Paihia, Bay of Islands, New Zealand, a couple years back. The hostel bar was the place to be in town and there were drinking contests most nights. (I won... two nights in a row!)
Gotta figure Kabul in Barcelona will make the list...
I have a ton of European hostels so I was hoping to branch out more. I have my list finished.
Kabul, of course, made the cut! :)
My website: http://www.nomadicmatt.com
The Pink Palace in Corfu, Greece is a must!! It has been infamous for years upon years and people always wind up staying longer than expected...including myself and travel companions a few summers back. They give you a free nights stay after 3 or four nights (etc.etc.)
Also in Panama..specifically Bocas Del Toro a hostel called Mondo Taitu is one of the best places I have ever stayed.
(http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendid=61219412)
The staff is international, friendly, crazy partiers and just a good time to be had. There are theme parties every night it seems like and is notorious for good vibes and good times!!
Hope this helps!
Cheers,
Oona

Joined: 04-15-08
Hello everybody,
I am collecting a list of the top 20 party hostels in the world and am querying for opinions. I have about 20 already but I am looking to see what hostels people feel should make the list and find some hostels I might have missed, which given the number of hostels out there, is probably quite a few.
I am especially interested in hostels in New Zealand, the South Pacific, or South America.
Thanks for your help in advance.
Matt