UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                                 April 27, 2005
                Date of Report (Date of earliest event reported)

                                  iPARTY CORP.
             (Exact name of registrant as specified in its charter)

          Delaware                      000-25507                 76-0547750
(State or other jurisdiction          (Commission               (IRS Employer
      of incorporation)               File Number)           Identification No.)

   270 Bridge Street, Suite 301, Dedham, Massachusetts        02026
        (Address of principal executive offices)           (Zip Code)

                                 (781) 329-3952
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_| Written communications pursuant to Rule 425 under the Securities Act 
    (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
    (17 CFR 240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the 
    Exchange Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the 
    Exchange Act (17 CFR 240.13e-4(c))



Item 2.02         Results of Operations and Financial Condition.

On April 27, 2005, iParty Corp. issued a press release announcing its unaudited
results of operations for the first fiscal quarter of 2005 ended March 26, 2005.
The press release is attached hereto as Exhibit 99.1 and is incorporated herein
by reference.

The information in this Form 8-K, including the exhibit, is being furnished to
the Securities and Exchange Commission and shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section, not shall it be deemed
incorporated by reference in any filing under the securities Act of 1933, as
amended.

Item 9.01         Financial Statements and Exhibits.

         (c) Exhibits

99.1     Press release of iParty Corp. dated April 27, 2005



                                    SIGNATURE


       Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                     iPARTY CORP.
                                 
                                     By:                /s/ SAL PERISANO
                                                    -------------------------
                                                          Sal Perisano
                                                    Chairman of the Board and
                                                     Chief Executive Officer
                         
Dated:  April 27, 2005






                                  EXHIBIT INDEX


EXHIBIT
NUMBER      DESCRIPTION
-------     -----------
99.1        Press release of iParty Corp. dated April 27, 2005