Wesleyan University Wank
So, there's this group on the campus of Wesleyan University (in CT) called Eclectic. They used to be a fraternity, but went co-ed, and subsequently were forcibly separated from their alumni association when they burned "fuck the alums" into the lawn of their house. They are famous for having sold all of their furniture for cocaine, and also for throwing awesome concerts and large sweaty all-campus dance parties (which themselves are famous for the MDMA present).

Naturally, a place like that is going to cause some problems. Namely, they have been shut down for the semester. The reason this is exciting is because Wesleyan is a very web 2.0 campus, with both an active student run blog (linked above) and a super-active Anonymous Confession Board, the latter of which has a lot to say. A TON. Opinions. Conspiracy theories.
Jokes.

There is of course a segment of campus that is outraged, and a petition is circulated. Even people who claim to be unassociated have strong pro-Ecletic, anti-student government opinions.
However, people are skeptical that Eclectic is in the right. They remain unconvinced weeks later.

Eventually, outrage dies down and the zeitgeist shifts, so the Sound Co-Op, which provides cheap PA systems and setup for the whole campus (and is populated primarily by Eclectic members), decides that they be boycotting the ENTIRE CAMPUS until Eclectic is served justice (i.e. reopened without consequence). General sentiment is that this is ridiculous and calculated. Meanwhile, there is a lot of very deep-cut Wesleyan handwringing about our reputation as an "activist" status.

ETA: And the petition is now closed due to "spam," ie trolling (no, I'm not concerned that it was anyone here).