How drunk someone can get depends on the speed at which their liver metabolises the alcohol in their bloodstream.
An enzyme called alcohol dehydrogenase breaks down the alcohol into Acetaldehyde, which is what causes us to feel hungover (high toxicity).
Then there's another enzyme, acetaldehyde dehydrogenase, this breaks down the Acetaldehyde into acetic acid or ethanoic acid... which is non-toxic in the body and can be gotten rid of.
So I guess people who seem to be able to drink a lot, have a larger concentration or ability to produce alcohol dehydrogenase, leading them to break down the alcohol quicker.
Not sure if I'm correct however, just what ive picked up in my biochemistry lessons.
Another un-useful bit of info is, if you replaced the Ethanol (say vodka) with Methanol (anti-freeze) - it would most probably kill you. This is down to the fact that alcohol dehydrogenase breaks down Methanol into Formaldehyde (which then starts to do a lot of damage).
Doctors treating suspected poisoning by anti-freeze will use something like vodka or a type of medicinal ethanol, which has a greater affinity to the enzyme, alcohol dehydrogenase - which will inhibit the enzyme from breaking down the methanol into formaldehyde.
example of vodka being used as a drip =
http://news.bbc.co.uk/1/hi/world/asia-pacific/7037443.stm