Apparently, the school tried to change the name of the dorms to "Santa Catalina", but it is and always will be FT. This is because back in the day, the dorm was shared between UCSB and SBCC students, which made it a wild party dorm. Eventually, UCSB bought the building and tried to change the name in order to indicate that it was only for UCSB students.
FT was rated by Playboy one year as one of the "most promiscuous" undergrad dorm buildings in the US. This is because guys and girls are put in the same hall, which inevitably leads to hookups. Other activities include doing bong rips in the bathrooms and playing beer pong across the suite.
It is not uncommon for one to hear non-freshmen screaming "FUCK FT!" from their cars as they drive by the building. In some cases, this is an insult, but in others, it is a term of endearment.
All in all, FT is an amazing dorm, but the mile bike ride to class takes some getting used to.
B: FT, SON!
A: Legit! That bike ride must be a bitch though.
B: Yeah it is, but it's worth it! Soooo many hot girls. I'm definitely making FT live up to its Fuck Tower reputation.
Herbert: Cripes, she looks like she's about 12.
Bob: Sheeeeeet man, that's some FT right there.
ft shit, im going away. (Fuck that)
ft, I hate them. (Fuck them)
I made this ft. (for them)