Snowtime, it's been years since I've been to S&T so my info is probably outdated. But from the reviews here and elsewhere it doesn't sound like it has changed much.
S&T is unlike any club I've ever seen elsewhere, it's more of a sex emporium than a strip club. You enter through an adult bookstore and go out the back door. At that point you can turn either left or right. If you turn right you go through an entrance to the strip club, where girls dance nude on stage and give lap dances of two types - dances in the open or dances in private rooms at a per song price. If you turn left, there are other girls standing outside little rooms offering bed dances at a price per minute. I don't know which is the best deal, you'll have to ask, and I don't know which is the most contact, it probably depends on the girl, but the place is known for very high contact. The bed dances are done in the nude, I'm not sure about the laps but my guess is that they are too.
The place is BYOB, guys bring in coolers and sit on them, there is little other seating, most everyone stands like at a party. The stage is separated from the room by restraining ropes about 5 feet away and you tip the girls by throwing crumpled bills at their crotch. If you hit it you win some sort of prize, maybe a trip on stage? It's very raunchy and draws a very young crowd, all drinking beer, which is why it feels like a fraternity party to me.
It's located in an industrial area near the river south of downtown. Parking is onstreet only but not difficult. It's also a fairly safe area - we're talking the city of brotherly love here - but I wouldn't stagger around drunk late at night. I was only there at night and the girls were surprisingly attractive for a dump like this, I don't know what it's like during the day. It's very popular and there are several other clubs in the area.
Let us know if it's changed. Good luck and happy lapping (or bedding.)