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1.
A post secondary school career training program that prepares students for the restaurant or hospitality industry.

The term can pertain to a range of programs including both fast food management training, as well as food service certifications at the local community college.

The reference likely orginates from the '90's movie "Good Burger".
Is Allen still pursuing his engineering degree Academia University?

No, he dropped out and is now taking classes at Burger U.
by Frieswidat November 18, 2008