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.
Back when the HT class raced in the Newport regatta, one of the guys from the class scheduled a dinner at NYYC for the group after the racing was over (he’s a member.) I was looking forward to getting hammered and making a scene but never got to, the guy that organized it quickly cancelled it once he realized that we all planned to be our usually knuckle-headed selves. Good times.