The way I heard that story was, the NYYC wanted Ted to show up for some hoity toity awards dinner, he asked if it was just him or his entire crew. They said, not the crew, just you. He said No Thanks, it's all of us or none.

Well they still said -no crew-.

So Ted and his crew had their own party, got trashed, then crashed the NYYC party...in t shrits, flip-flops, etc.