"Our alligator clothing gets more baggy as you watch
And if the trousers fit, we let 'em out another notch
We're always terrified we might be strangled by the crotch
The preppie marches on"

-snip-

Do preppies wear baggy clothes, too?

I didn't know that. In the 'hood, some teen and young adult males still can be seen "sportin the sag" {wear pants so big that they sag down so far that you can see the tops and maybe more of their boxer underwear}. This style is said to have come about because in jail guys aren't allowed to have belts. That explains the pants saggin but not the three sizes too big look.