Party ideas for teenagers?

I'm a 15 year old boy and from the good part of a city so all my friends have plasma screens and Xboxs and PS3s and Guitar hero and DDR and pool tables and swimming pools and the only party stuff I have are a 27" TV, a computer, and a N64 - not the best party gear. My parents are home so we can't all make out (to my disadvantage lol) but what are some good party ideas. My friends aren't crazy about the electronics and don't mind talking and having a good time if we could play some games (parent in the house appropiate please). Do you have any party ideas?

Party ideas for teenagers?
Well most guys are competitve so i would make contests of what you do have, like time it or have races and stuff. or have like a apple barral thing, where you have to get the apples in ice cold water (ice included). or have a pie eating contest. or just chill...its kind of hard i mean people want to do diff. things.