The term FRAT PARTY MAGNET can be broken down into three crossword solutions: KEG, which is a three letter word. Kegs are large containers of beer or other alcoholic beverages that are often used in frat parties. The second solution is PARTY, which is a five letter word. A PARTY is a social gathering where people come together to celebrate and have fun. The third solution is MAGNET, which is a six letter word. Magnets are objects that attract metal objects and can be used as decorations at a frat PARTY.