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They're an average fraternity with potential to be better. They're usually way behind the top houses in rush and get a lot of their leftovers; Lambda Chi pledge classes tend to be subpar. They do always get a few top notch guys though. They're always on social probation because common sense is nonexistent there. So no, they never throw good parties because they can't, but probably could if they ever got their act together. Honestly, pledging Lambda Chi is a very poor investment in my opinion, but if you fit there then go for it.