A place to live where you don't have to do anything. You can nurses and stuff change your bed, do your laundry, and even cool your meals. You can eat free food without paying $50 for groceries and you can have a party every day. This is a place generally for old people, but it will be a great place for a college dormitory.
Old people: Yeah I get to play Bingo every day at the assisted living
College guy: Sweet, I don't have to do anything... these hot nurses can wipe my ass for me.