Can I use this sign for a social function or party?
No, this sign specifically means "function" in the sense of operating, working, or running (like a machine, system, or bodily organ). For a social gathering, you would use the sign for "PARTY" or "EVENT."
Is this sign related to the sign for "work"?
Conceptually, yes! Both signs involve the idea of something being productive or operating. However, "WORK" uses "S" handshapes with one wrist tapping the other, while "FUNCTION" uses alternating "F" handshapes moving in the air.
Does the direction of the alternating movement matter?
The movement is typically a small, alternating up-and-down or slightly circular motion. As long as the hands are alternating rhythmically to show continuous operation, the exact size of the circles isn't strictly rigid, but you should keep it comfortably in front of your chest.