Refers to Florida State University; although the added distinction was originally thought to be due to the propensity for Seminole football players to participate in shenanigans, the acronym was actually selected to honor the university's greatest source of pride: their Flying High Circus.
Earl couldn't get into a good school, so he went to SWAC.
SWAC surrendered 11 runs in the top of the 9th to lose 16-5, but at least they have a circus to return home too.
***Not to be confused with the word "swag."
"That is some real swac!"