The immediate image brought to my mind was not in fact a sexy-yet-awkward contest that you likely were imagining.
Instead; my brain was all:
Yondu dunking t-shirts into water and throwing them as hard as he can at people.
Because of course he would.
Yondu: Wet T-Shirt contest! >:D Kraglin: Sir that’s not what they- *knocked off of chair* mfmf!! Peter: I WANT IN >:D -grabs a bunch- Yondu: Thas’ my boy! Random Ravager: WET T-SHIRT FIGHT!!!! -mayhem ensues-