Copping to someone else's behaviour and meekly accepting their tarnishing your name with a lie? That doesn't sound like taking it like a man to me.
Now, if you're calling him on this juvenille revenge scheme, that's one thing. But it sounds like you're suggesting he should just bend over and take it when someone else lies to blame him for their decisions. Three guys sharing a place. They throw a party. I don't see how the one that's being lied about is the douchebag, while the liar gets off scott free.
BTW, to the guy who posted this in the first place: I agree with Murtaugh's first line. Move out. Or if you're in some kind of frat situation where there's a dozen guys living there, make your case and don't back down.
But this grand revenge scheme crap? It'll just lead to problems. You'll either give the little weasel ammo to use against you, or you'll end up pissing off your other housemates... or both. The best way to deal with deception is with unyielding honesty. Don't go trying to play games of trickery with someone who sounds like a born weasel.