Phi Beta Sigma (ΦΒΣ) is a predominantly African-American fraternity which was founded at Howard University in Washington, D.C. on January 9, 1914, by three young African-American male students. The founders A. Langston Taylor, Leonard F. Morse, and Charles I. Brown, wanted to organize a Greek letter fraternity that would exemplify the ideals of brotherhood, scholarship, and service.
Sigma: Why do you want to become a brother of Phi Beta Sigma?
Dumbass: Because they get a lot of pussy.