|1.||Toilet Paper Diploma|
A diploma worthy only to use as toilet paper. A meaningless diploma. A diploma that is not recognized in any meaningful way.
Yay I got my toilet paper diploma in fine arts!
I didn't even have to take a test to receive that toilet paper diploma.
I don't know why Mike hangs that toilet paper diploma in his office. It's not recognized by anyone outside this office, and by almost noone inside this office.