It stands for Buoyancy Operated Aquatic Transport.
Rachel: You can't afford a boat.
Joey: I'll do whatever it takes. I'll make payments!
Rachel: It's just a buoyancy operated aquatic transport.
Joey: I want The Mr. Beaumont!
Rachel: Oh very well.
A type of school that deserves school shootings to happen because nobody gives a rat's ass about somebody earning a pathetic Associate's degree. Remember kids, you can't spell Assoicate's without Ass. It is also a place which gives falsified credit which does not really transfer to a real state or private university. Typically, they trick prospective students into thinking other schools will accept credits, but those other schools will not. It is a punishment to those students who have not attended a university directly after high school.
Joey: I attended a community college to earn some transfer credit during two years. When the time to transfer came a long, no university accepted the credits, so I did another two years to complete an Associate's degree. No employer wanted to hire me. Then, I started from scratch at a university to put in another 4 years of my life.
Rachel: That's horrible. You were 26 when you graduated with your Bachelor's degree! Community college was a real bitch to you!
Joey: Yea, it was.