After one of my sweetie’s (very strong) homebrews, I am quite tipsy. One fun part is that things are funnier. Also, I can talk much faster and still make sense (I have some problem with that when sober, meaning that I tend to combine words because I’m thinking faster than I’m talking, and being tipsy helps with that). The physical sensation is somewhat fun, but only when I’m in a safe environment, like at home. I don’t think I’d want to feel that way in public, such as at a bar. Also, my husband likes it because it makes me über-horny. ;) That’s what’s fun about alcohol – it can lower the inhibitions, which, again, in a safe environment, is kinda cool.
On the other hand, being reeling, pukin’ drunk is no fun whatsoever. I’ve been this way once and I don’t care to repeat it. Sitting on the toilet and puking in the bathtub, trying to lean on the cool, cool porcelain is plain stupid. I think lots of people skip the “fun and tipsy” stage and go straight into the vomit stage far too often, especially if they drink a lot. It can also make people mean, instead of fun. Depends on tolerance and chemistry.
Like the rest of life, it’s about moderation and knowing when to stop.