If your main objective is to get drunk for cheap, I recommend Continental. 5 shots of anything for $10, their long islands are $8, everything else is $6, but the bouncers are a bit racist.
If you're looking for a classier time, what kind of food/spot are you thinking of?

is it a club type place, lunge or bar?
we gonna wanna dance

it looks to cacish though
http://www.continentalnyc.com/photos.html