This isn't the first university song I've heard and, believe it or not, not the worst either. There was one other a few months back.
Just can't seem to find it in my archives. I'll post a link as soon as I find it, or if I find it. See below...
I have to say I much rather listen to stupid little sudo hip-hop crap like this than lip-dubs. Remember those? They were popular for a few weeks around a year ago. Even The Office did one. So dumb. The absolute worst I've ever seen actually came from my own university. They advertised on facebook for about a week trying to organize it. My wife even wanted to be a part of it. When she seen the finial product she was glad her schedule got in the way.
We actually have a few friends who were involved. Never heard them ever talk about it.
UPDATE: Just remembered that previous earleed I was talking about. It was a PSA from liberal arts students at McDaniel College in Westminster, Maryland, parodying "I Just Had Sex" by Lonely Island. I Had Safe Sex.