I agree completely. There is nothing wrong with doing 120 on a bike under certain circumstances. Best place would be a closed track for sure. I've gone 130 on a bike before, but it was on a road in the middle of nowhere in montana where I could see for miles and see no other cars, and there were no woods for deer to run out of, and i had ridden the road before to make sure it was in good condition.
however, going 120 in traffic, at night, and with alcohol (where'd you get the alcohol thing? thats just stupid no matter how fast you going haha) is not a good idea, at all.