William & Harry's Favorite Drinking Buddy Organizing Royal Bachelor Party

Feb. 5 2011, Published 9:44 a.m. ET

Guy Pelly, best friend to Princes William and Harry, has gotten the royal nod to organize Will's upcoming bachelor party, RadarOnline.com has learned. And that means just one thing -- it will be a party for the ages.

Pelly was with Harry when he admitted smoking pot in 2002, reports The New York Times. Two years later, when William decided to go for a midnight swim in the moat at a friend's estate -- yes, their friends have moats -- Pell was part of the boozy bunch. And in 2005, when Harry wore a Nazi uniform to a costume party, Pell was there dressed as the queen!

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Pell, 29, now operates one of the hottest clubs in London. He's a one-third owner of Public where the minimum table charge in the VIP room is $1000, and none other than Harry himself made a discreet appearance at the December opening.

Pell is keeping a stiff upper lip about his plans for William's send-off from bachelorhood. "I am afraid I cannot comment," he said.

But others in the know reveal the bachelor bash will be held away from London where the boys can have a weekend of fun away from photographers.