RAG week - the RAG stands for 'Raising And Giving,' 'Raise A Grand,' or general funness depending on who you ask. Whatever it is, it is theoretically supposed to be about students raising money for charity in various creative ways, while having fun at the same time.
Increasingly, however, it is simply a week-long orgy of alcohol.
Damo: Doing anything for RAG week?
Bob: I'm gonna get totally pissed on Guinness and shrooms.
Damo: Sweet! What about you, Jack?
Jack: I'm thinking of doing a spinsored bungee jump and giving the money to Oxfam...Say, would you guys sponsor me.
Damo and Bob: No way! We need that money to get wasted!
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