For loads of references, this is Ekta Kapoor's idea of a youth drama.
Kitni Mast Hai Zindagi
Fair, it is nearly a decade old, but this is the show that launched Panchi Bora, Karan Singh Grover, Mansi Parekh and Barkha Bist amongst others. While we do admire this show because it is old, there's nothing else in it to really admire- some of it makes you cringe. You can also refer to her chacha-chachi soaps for a few more ideas.
Fire away, folks!