Tastes like college

a phrase used to describe cheap/bad tasting alcohol, such as natty, keystone, or cheap vodka.

Ricky: Yo bros! Shots of korski lets goooooo!
Capernicus: Ay yoo that shot was bad yoo.
Casey: Tastes like college right boys?

a term used when calling something shitty, it doesn't even have to describe a drink.

Casey: Dude the cops just busted my party.
Andy: That sucks
Casey: Yeah, "Tastes like College"