To a neuroscientist, the trouble with cocktail parties is not that we do not love cocktails or parties (many neuroscientists do). Instead what we call “the cocktail party problem” is the mystery of how anyone can have a conversation at a cocktail party at all.
Consider a typical scene: You have a dozen or more lubricated and temporarily uninhibited adults telling loud, improbable stories at increasing volumes. Interlocutors guffaw and slap backs. Given the decibel level, it is a minor neural miracle that any one of these revelers can hear and parse one word from any other.