Thanks to everyone for their thoughts and comments. Perhaps I should have caveated this, but my intention was certainly not to get plastered while wearing armor. Nonetheless, the risks are certainly there with any level of drinking. I think Aaron's lengthy advice is pretty solid. Breaking the seal and other drunk, rowdy people would probably be the two biggest issues. With that said, would still like to use my armor for certain social events, but I'll use good judgment in terms of the environment (people I know and trust) and level of consumption (keeping it to a "happy buzz").
Thanks!