I want a serious girlfriend who doesn't put out on a first date. Sorry, but a handjob at a party isn't as important as a girl I can fall in love with, and I ain't falling in love with some girl who gives handjobs at any party.
that's a two way street. this is the old "if a girl has sex, she's a slut but if a guy does he's a hero." and it pisses me off. i don't go around sleeping with every man i see, but you know what, if i wanted to, that would make me no better or worse than the guys who do it every day.
hooking up, in theory, is fine, as are friends with benefits. the key to this, however, is making sure that everyone understands what the limits are and that no one gets hurt. for example, a drunken random hookup is okay, but if one person likes the person they're hooking up with (and the other person doesn't feel the same) that's where problems start.
friends with benefits can get tricky. my ex and i did that for 2.5 years, and it led to lots of problems. (of course, we had pre-existing issues, but the sex didn't help.)
all in all though, i gotta say that i'm wholly in favor of sex and its corresponding activities! (but i'm not offering, sorry!)