Coveting Oneself: Is Abstinence Obsolete Today?

This may simply be a personal observation, but I'm wondering if abstinence is still relevant in young society. It seems that there are few virgins left that are not married that is. I pass no judgement either way, I can't. I was just contemplating how much society has changed and what our social cues are. Music, movies and other media channels promote a culture of pre-marital sex (Birthday Sex keeps playing through my mind and I swear Jeremih is 15). What are your thoughts on our sexed up society and our individual roles as players in a huuuuge swingers club.