Turbo, it seems a bit inappropriate to throw everything into the same basket and say that all is smoked and drunk.
If people cheer up a little at the end of the year, nothing is wrong with that, especially if they don't drive a car afterwards.
Bivouacs can be interesting too, but much more complicated overall.
I'm sure the forum has people with positive experiences.
Each person decides for themselves how and what. If this kind of New Year's Eve doesn't suit you, turbo, you won't join. As for Santa, I'm sure his greatest gift is to climb into a snowy fairytale, spend a pleasant night, dance a bit, and return to the valley on the snowy landscape.