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Colloquial terminology relating to a house that is populated by alumni of a fraternity where the occupants continue to live a lifestyle associated with fraternity life popularized by such movies as Animal House, National Lampoon's Van Wilder, Revenge of the Nerds, PCU, and Old School. In contrast with other slang terms such as "bachelor pad" and "Baller", which have a positive connotation bordering on ostentatious, such houses are usually rented and tend to be in poor condition, as recent alumni generally lack the financial capabilities to invest in prime real estate.
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