My holiday parties have all been breakfasts or lunches in a conference room in the office. Never any alcohol (there was a paid Christmas party you could go to at somewhere dreadful like a Elks Lodge for 60 bucks, with a terrible Italian food buffet that everyone was "pressured" into going to for several years). Our work parties are boring, people leave starting at 11 am from the one that was a breakfast party (the literal only benefit), but since I switched roles in the company we've only had a 1 hour lousy buffet style lunch, then BACK TO WORK.