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Used instead of a real university name by people that never made it to an university feel ashamed because of that.
"Hey, man, how are you? Haven't seen you in ten years. I heard you dropped out of Princeton?"

"AND!? Now I study at the University of life! And I'm not ashamed of it! It's perfectly allright! It does not mean that I am a loser... it's *sobbs*"

by Chris C. II September 30, 2006
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