A school you definitely couldn't get into as you can't even spell "League" correctly.
I applied to the Ivy Leauge but I got rejected because I spelled Yail, Kolumbia, Kornel, Dartmuth, Prinston, Harverd, PennState and Broun wrong. I suck.
One of 8 schools that you couldn't get into. At the top of the list is the University of Pennsylvania because graduates from there will and have a social life and make more money that you ever dreamed of.
"You go to Harvard. I'm sorry."
"Yale graduates have no friends in the real world."
"Anyone can buy there way into Princeton."
"Penn is where smart, rich kids learn how to take over the world."
A police bust involving few drugs of small aggregate value, which is nonetheless newsworthy, because the suspects are students at a prestigious college.
"Operation Ivy Leauge netted seven people including upwards of $11,000 in drugs (street value)." The students. who were near graduation with useful degrees fighting cancer, etc. are expected to be expelled summarily expelled and barred from advancing their careers in science, so that the NYPD can shine it's end of year numbers.
A state or an institution, like Pakistan government and Pakistani Army, which acts a host to international cross-border terrorist groups and promotes them like ivy leagues of different sports and games.
Short-hand for the word floccinaucinihilipilification, meaning the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language).