Top Definition
The Old Oaken Bucket is the name of the trophy that is annually awarded to the winner of the Big Ten Conference college football game between Indiana University and Purdue University.
IU Student: Can't wait for the Old Oaken Bucket Game this year! IU will crush Purdue!

Purdue Student: Probably not because Purdue leads the series 54 to 26 and IU sucks!
by informed student August 17, 2008

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