I like clubs but usually only if I had a good time drinking before we get there. It also depends on the company and the crowd. If I'm in a good mood, buzzed, and there's nice girls around, it's definitely gonna be good. Bit of dancing here, some messing around with friends there, and of course trying to pull girls.
Otherwise, I just like to chill in the VIP sections (which we could afford back in Portugal - not likely to happen anytime soon until I go party in eastern Europe this summer ) with a drink.

Clubs can definitely suck if you're sober and there's not a good crowd, though. I think the problem is that people expect too much on a night out. They get all dressed up and get hyped and they're all like "omg tonight is gonna be awesome" and whatnot and think it's gonna be good, but a lot of time it's just going to suck because the experience depends on other people. Can't have any expectations when it comes to that kinda thing. At first I used to be like that too, but when you go out more often (like 3 times a week) you stop giving a trout and just roll with whatever's going on.

tl;dr: Clubs are good if there's booze, banter and birds.