So is it 'expected' of a woman to through a 'hoe phase' or 'party phase' in her transition to full adulthood?

I never heard of the term until I'd been single for ages and I still don't fully get why women would feel the need to and/or want to have such a 'phase'. Can anyone properly explain what the 'hoe phase' or 'party phase' for a woman is?

Do men have anything similar?