Green’s Dictionary of Slang

lash n.3

[var. on lush n.1 (1)]

1. alcohol; a state of inebriation.

[Scot]I. Welsh ‘A Smart Cunt’ in Acid House 252: Roxy and I got a good lash on.

2. a portion of alcohol.

[Scot]T. Black Gutted 76: [of whisky] I felt my pulse quicken, devoured a good lash, said ‘Beautiful’.

3. (UK black) a small, private party.

hubpages.com ‘Roadman Slang 10 Jan. 🌐 Lash - a wild but small party that will usually consist of drinking vodka in someone's garden.

In phrases

on the lash

out on a spree [note also SE lash out, to spend unrestrainedly].

[Ire]P. Howard Miseducation of Ross O’Carroll-Kelly (2004) 127: [...] but basically to go on the lash [...] and score some complete randomers.
[UK]Observer 8 June 3: They’re lairy, loaded and out on the lash, spending fortunes on drink.
[UK]Observer 9 Jan. 15/2: There’s endless coverage of drunken ‘ladettes’ out on the lash.