I heard a rumor that the Ithaca College song goes:

Far above Cayuga's waters
There's an awful smell
Some say it's Cayuga's waters
Some say it's Cornell

But what do I know? I went to Princeton.

Tune ev'ry heart and ev'ry voice
Bid ev'ry care withdraw
Let all with one accord rejoice
In praise of Old Nassau

[at this point you take your hat off and hold it over your heart, then extend your arm out to the side, then back over your heart and repeat this gesture once each measure -- I kid you not]

In praise of Old Nassau, my boys
Hurrah, hurrah, hurrah!
Her sons will give while they shall live
Three cheers for Old Nassau

Aloha,
Mark