"PARTY" has been described as an electropop and a bubblegum pop song. The song was described as utilizing various elements including "lively guitars, perky synths, a catchy whistle hook and a few Auto-Tune croons" , and was compared to Katy Perry's single "California Gurls" (2010) and Daft Punk's single "Get Lucky" (2014). The song is about wanting to go out and have a good time with one's friends, and makes mention of such drinks as lemon soju, mojitos and tequila. .

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