As a bar, Monkey Pants seems to want it both ways. They have a 1:00am shirtless shot routine that makes the place feel like an annoying college bar. At the same time, the atmosphere is decidedly low-key, especially considering the "wacky" and "outrageous" name. I've been there on a few Friday nights and, each time, could count on one hand the number of patrons. If nobody is going there, it must not just be me. Maybe it's better during lunchtime...
Time Out Lounge is in the same strip-mall. I'd recommend drinking there instead.