Larry,In answer to your questions, I have been to many foam parties and it varies. Some clubs such as Alpha cater to a young crowd, so yes there will be mostly teenagers. The law in Germany states teens are allowed in clubs but under 16 must leave at midnight. Enforcement varies. Some clubs are for older folks, (20s and up) and teens usually don't go to these. Although the teens really like the foam the older crowds enjoy it a lot also. Check out the A65 website, their crowd is older and the foam parties are quite popular. A65 has large hot tubs on the patio but usually they enforce the rule of only shorts and T-shirt in the hot tub, which they will sell or rent to you.
Some foam is very wet, a few minutes in it and you might as well be in a pool. Some foam is drier, but all of it will get you wet eventually. Most foam parties do not include a pool, (damn). Some clubs have a permanant pool such as Alpha and the legendary Alcatraz (now the Prison Club) which is under new ownership now and I have heard the pool is closed. Some foam parties will have a small portable pool, Dance Hall Palazzo near Stuttgart does this. The problem with most pools is they are outdoors and German summers are not always conducive to getting wet at night, this summer being a notable exception where it actually stayed in the 70s to 80s a lot of nights. Obviously the best foam parties are where there is also a pool because once you are in the foam, you are already wet and why not rinse off in the pool. Carl Soak has a video of a foam/pool party at Alcatraz in '98 and there must have been 500 people clothed in the pool through out the night. The video is about 3 hours and I had to watch it in parts because it was just overwhelming. The foam only parties are more fun to be at and particippate, you actually can't always see much due to the depth of the foam and even out of the foam it still covers the clothes and it is difficult to see how wet the clothes are a lot of the time. It does feel good though, the foam slowly soaks through your clothes when you are in it and it feels cool, kind of like a kid playing in mud, but a lot cleaner.
Hope that answers your questions.