Last month we took part in a Progressive Dinner Party that one of our neighbors arranged. If you have 3 - 5 houses in the same neighborhood this works perfect since everyone is in walking distance. It can also be done with houses near by, but driving distance. (Just make sure to drink responsibly!)
The concept is simple. Each house chooses one course. You start with the first house and "Progress" to the next, and so on. If driving between houses you may want to have maps to the next location. Either way make sure everyone know the address of each stop.
Our breakdown went as follows:
House #1 - Appetizers & Cocktails