rage - noun
and verb (Lifestyle and Leisure) (Youth Culture ) In young people's slang, especially in Australia: noun: A party, a good time. intransitive verb: To revel, to have a good time. Also as an agent noun rager, a party-goer or reveller. Etymology : An extended use of rage in its figurative sense 'to be violent or boisterous, to rush', probably passing through an intermediate stage when it meant 'to go on a spree'. History and Usage: This is an Australian usage which became established in the early eighties; it came to prominence outside Australia as well, largely as a result of the popularity of Australian soap operas and other television series in the UK in the second half of the eighties. The Roxy churns out an endless stream of disco, dancing, and drinking, tailor-made for young working people who...are looking for 'a rage'. Courier-Mail (Brisbane)
26 June 1986, Supplement, p.
8 'I still go out and rage occasionally,' says the former sidekick to Greg Evans..., 'but I can't do it like I used to, not five nights a week.' TV Week (Melbourne)
28 Mar. 1987, p. 4

rage - n. & v.
--n.

1 fierce or violent anger.
2 a fit of this (flew into a rage).
3 the violent action of a natural force (the rage of the storm).
4 (foll. by for) a a vehement desire or passion. b a widespread temporary enthusiasm or fashion.
5 poet. poetic, prophetic, or martial enthusiasm or ardour.
6 sl. a lively frolic.

--v.

intr.
1 be full of anger.
2 (often foll. by at, against) speak furiously or madly; rave.
3 (of wind, battle, fever, etc.) be violent; be at its height; continue unchecked.
4 Austral. sl. seek enjoyment; go on a spree.

all the rage popular, fashionable. [ME f. OF rager ult. f. L RABIES]