Must be a Midwestern thing, because they don't do that here. When I was a little girl, some of the older kids would spray some whip cream around and scribble a little graffiti on sidewalks or walls with chalk. By the time I was older, that was passé. Besides, there are too many people on the streets, too many witnesses, to allow anyone to think they could get away with any mischief. When my father was a boy, they used to tip over outhouses, which does sound like malicious mischief ... but that was in Missouri, which, again, made it not a West Coast thing.
As for drinking too much, around here (after New Years) that would be Saint Patrick's Day and Cinco de Mayo.
Perhaps if I lived where you do, Parson, I would think unkindly of Halloween, too, but around here it is a time for little children, for dressing up, and for mildly spooky fun. I still remember fondly the Halloween parties we had at our house when I was a little girl: bobbing for apples (that's considered too dangerous now), parlor games, and my older brother and sister playing spin-the-bottle with their friends. What an innocent time that was, when teenagers could still blush while exchanging a chaste kiss before a room full of witnesses!