A formal party is an event that is typically held for a special occasion and is usually quite formal in nature. A BALL is a type of formal party that is often held in a large hall or other venue and includes dancing, music, and food. A RECEPTION is another type of formal party that is usually held in a smaller setting and includes light refreshments and conversation. A GALA is a type of formal party that is usually held to celebrate a special occasion and includes music, dancing, and food.