Also: After you've ignored me -- free country, go ahead -- and should I prove right -- happens every now and then -- you will NOT want legal discovery turning up statements like "fuck the world" in reference to your compliance with alcohol advertising law.
More important, you won't want your own self-discovery coming across such statements at 3am when you can't sleep because some user of your site has suffered something.
There are lots of clever ideas in the world, you don't need this one. And if you're going to do it, you need to be a lot more careful than you are here.
More importantly, though, I don't think price is an issue that's stopping a substantial amount of college students from getting bombed. Unless something has changed drastically in the 5 years since I've been out of college, there are always ways to get free/cheap booze. With that said, I highly doubt you'd see a big increase in drunk college students doing harm.
On the flip side, it's still a risk.
Interested if you have looked in to this at all, especially because googling "laws against advertising drink specials" brings up this http://www.wtop.com/41/2821800/Vas-happy-hour-law-makes-some... as the first result.
On a broader scale I guess this brings up two points: 1) have the owners of this site considered this issue yet? 2) Is it sometimes better to just build it and worry about the legal ramifications later (to a point)?