Someone I know told me a story of that happening at a frat party once (the head frat brother's girlfriend consented; she's into somnophilia / sexsomnia, so she was alseep when this occurred).
Out of the guys who nailed her that night, the one who went first was the new, young, recruited virgin frat brother. He always wanted to cash in his v-card, but he never thought that he would lose his cherry this way, among his fellow frat brothers surrounding the bed, watching, applauding, cheering him on. This includes the head frat brother who was dating the chick that Virgin Frat Boy (I'll call the new recruit that) was losing his virgin status to.