Oh dear, I guess this depends on whether you're happy to accept that your boyfriend doesn't trust you. If you allow him this kind of control over your behaviour now, he'll grow to expect it and what will be next - don't wear nice clothes because boys will look at you?!?!?
It's understandable that he's insecure and worries that you'll meet someone else whilst out clubbing, but you have to have some kind of life outside of him. Why don't you go clubbing, but arrange to meet him and his friends there later in the evening? That way he'll know that you're not 'up to no good'.
Firstly, I think it's best to ask him why he doesn't like you going out clubbing. Does he not trust your friend? Does he not like the clubs you go to? Does he not like what you wear? Find out what it is that bugs him and work to find a compromise. Finding middle ground is the way to go, especially if you're not the one wearing the pants in the relationship!
I also think that the advice below is a good idea - maybe ask him to meet up with you later? The first you do this, don't get too drunk when you're out with your friend, so you can show you can take care of yourself and keep your feet on the ground.