party's over

party's over

Fig. A happy or fortunate time has come to an end. We go back to school tomorrow. The party's over. The staff hardly worked at all under the old management, but they'll find the party's over now.

the party is over

People say the party is over to mean that a time when people made a lot of money or had a lot of success or pleasure has ended. The party is over for players who were receiving £80,000 a year. For Black and his former colleagues the party is over, and the headaches have only just begun.
See also: party