On the other hand, if you normally get along with these neighbors, you could just ask them to quiet it down a bit explaining that you need to get up early.
Are you renting or is this your "forever home?"
If you're just there temporarily, I would ask them to stop, wait twenty minutes, and then call security / cops if they didn't calm down a bit.
However, if these are your long term neighbors, I think larcoish2000 is right. Grab a beer and some goodies, swing by for about ten minutes, and then excuse yourself saying that you have to wake up early for work or that you're sleep deprived. If they're decent, they'll take the hint.
I am of the mindset of live and let live. Let them party on.....unless this happens all the time. It may just be a one time graduation party or anniversary party or ??? Can you use ear plugs? Put on a fan to mask some of the noise? Have a drink at your own home and maybe this will help you sleep tonight.
If this is a one time occasion, I would grab a beer out of my fridge and go and join them.
If you are elderly and need the rest,call the police and report a disturbance at your neighbors.They have a right to celebrate but they also need to respect their neighbors.
tell them to knock it off.
My neighbours have been loud and having a BBQ since about 9am, and they are still yelling like it's the middle of the day at 11:30pm! I cannot close my window as it is boiling and I am not able to rest. Any advice??