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Although I can see the attraction of binge drinking because of the rapid freeing of inhibitions,
I can unequivocally say I've never seen anything good or lasting come out of that activity. If anything the temporary loss of ego boundaries is accompanied by a compromised value system which always results in embarrassment, shame and guilt. Simply put although it may feel good at the time, retrospectively nothing good or long lasting develops from that activity.
Health wise the risks far outweigh the benefits. I've personally seen death, permanent disability (stroke), and suicide from those who engage with this risky behavior with young people and actually early in their binge careers; you may not survive your first binge.