Hi Galvetron, and welcome!!
I checked out those sites (faceparty.com and myspace.com) and see that they are free to join.
I would venture to guess that when someone signs up and creates an account, and whatever name they choose for that account is automatically creating a sub-directory for their little web space.
So if you type in just http://www.myspace.com/ you'll go to that home site about myspace.com. But..if you type in the chosen name that someone signed up with (as misslisag did) as a sub-directory off of myspace.com, you'll end up finding her little web space.
Yahoo has the same thing with their geocities web space. I know cuz I've done it.
Just my 2 cents,
DianeD
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