Well, I always had fun around drunk people. I actually act more drunk around drunk people than when I'm actually drunk!
There really is no fun in not remembering anything from the night before, in fact, it's downright scary as hell. Yet it seems to be a phase that a lot of people go through in thier late teens/early twenties. It happened to me once... and only once that I was so wasted I had absolutly zero memory of the previous night. I was in college and pledged that I would *never* do that again. I've been pretty wasted plenty of times sense but I better know my limits and I've *never* blacked-out since.
I get what would be considered a legitimate drunk probably once or twice a year anymore. My guess is this is what your friends would probably consider just a buzz. My rule of drunkeness is if I don't think I can drive, then I'm drunk. In my case this is usually 3 drinks over the course of an hour. Sometimes more, sometimes less. I'm *very* good about knowing my limits to operate a vehicle and err on the side of *extreme* caution. I would probably bet that my low-end limit I would still pass a test but I know I wouldn't feel comfortable. My rule of thumb there, when there is so much as the *slightest* doubt, don't do it. Of course, some people think they are fine after 10 drinks in an hour. I just hope they only manage to kill themselves and not take another poor soul out with them.
I think that the key word with anything is moderation and knowing your limits. Unfortunatly it usually takes a bad experience to learn those limits.
Remember, just because your friends are doing it doesn't mean you have to. In fact, you would be a much better friend if you stayed sober and made sure everyone got home safely. This was the road I choose more often than not when I was your age. Who knows, I may have saved someones life, maybe even my own or even yours (if you happened to be hanging out in Sarasota Florida about 10 years ago).
If they pressure you just remind them that if you pass it up it's more for them. That usually shuts them up. Also remember that you're the only one that can choose to feel pressured or not. If you do ever fall into the trap (and we all do at some time or another) do whatever you have to do to stay off the road no matter what. It's *much* better if your parents found out (assuming your still living at home) and kicked your ass than for you to kill someone on the way home. No matter what you're ultimatly responsible for your own actions.
And the most important thing, *NEVER* get wasted and post on Head-fi... Flasken can tell you what happens then.