1 : An Ivy League University in the heart of the city of Philadelphia. Nestled within "University City," the school attracts the best and brightest, socially apt, and interesting individuals from around the globe.
2 : A Place where you receive a degree that gives you a wide variety of job options once you graduate; especially if you attend the Wharton School of Business.
Random guy: "Hey man, I heard you got into all your schools! Congrats! So you're going to Princeton right?"
Random Guy 2: "Nope, I opted to go to Penn to pursue what I love, and still lead a normal existance."
Random Guy: "Nice!"