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beta beer 

A local term from Washington State University, referring to the beta theta pi fraternity and their extremely high consumption of Smirnoff Twisted Ice, Mikes Hard Lemonade, Boone's Farm, and Wine Coolers. Primarily used as a derogatory term.
Bro #1: Excuse me good sir, may I kindly ask if there is any chilled Mikes Hard Cranberry at this fine establishment?

Bro #2: Obviously not, pussy, we don't have any beta beer now go grow a nutsack you homo.
beta beer by GoCougs October 23, 2007
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