'Party Monster' Michael Alig to Be Released From Jail

The Club Kids co-founder, famously played by Macaulay Culkin in the druggy 2003 biopic, will be set free May 5 after serving time in a New York prison for murder and dismemberment.

Club Kids co-founder Michael Alig soon will be a free man again after serving 17 years for the murder and dismemberment of drug dealer Andre "Angel" Melendez on March 17,1996.

Still known as the "Party Monster" despite not actually having been to a party in almost two decades, Alig, 47, has been eligible for parole since 2007 but been denied up until now. He is expected to be released May 5.

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Alig, who was moved around between numerous New York City penitentiaries, was most recently at Elmira Correctional Facility, 240 miles from Manhattan where he made his name as "the king of drug-addled club kids" in the '90s.

Macaulay Culkin played Alig in the 2003 film Party Monster, which marked the former child star's first adult role since Richie Rich and Home Alone. The club-themed biopic told the story of Alig's spiral into drug addiction, which ended in Melendez's murder following an argument over a drug debt.

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In 1997 -- after Melendez's dismembered torso was pulled out of the water near Staten Island -- Alig and his accomplice Robert Riggs pleaded guilty to manslaughter and were sentenced to 10 to 20 years in prison.