A knock out is a side effect of a concussion, in most cases the longer the person is out the more sever it is.
G4p mentioned some important steps but after that the person should see a doctor. To determine the severity of the concussion
You and your friends should not be doing this. I would not recommend anything like this unless all parties involved are black belts AND are over the age of 18. In some cases, I still would not recommend it.
Let me put it this way: if you cannot do it in front of your parents, you should not be doing it.
What you are not considering is that someone can get knocked out, hit their head and die. They could have some sort of underlying health condition that gets aggrevated in the fight group, leading to a death. Considering that people can get killed in sanctioned, supervised sporting events, you should realized that an unsanctioned event is actually more dangerous. Is it worth risking your friends lives in the name of something you think is cool or fun?
If you want to fight, join a martial arts club or school that competes a lot, take boxing, take MMA, take wrestling. At least in those competitions, there are medical people who know how to handle things if someone does indeed get knocked out.
Try to avoid getting knocked out. Learn from his mistakes.
Try to wake them up. Have fun haha
Stand over the top of them and in a Chris Tucker voice say. " you just got knocked the **** out!"
Take his wallet.
So my friends and I are having fighting group (for fun). We are going to wear head gear, like the sparring headgear that covers the jaw and the top of the head. So what would we do if someone were to get knocked out?