The poster here clearly thought it was a group for putting peepee in everything while someone holds beer, but it's actually a group only for putting peepee in beer while someone else holds it, and they are disappointed by the narrow scope.

Yes to all. If there's a hole, there's a goal..

The second one. The "hold my beer" is an expression used to describe a situation where you would be drinking, and you would be asking someone to hold your drink so you can do something.

It can technically be the first one but... That would be a wordplay on the usually meaning of the format.