Citation Needed. And maybe a new flag.
I just found this on the Wikipedia article for Arcadia University. There's no source cited, so it's plausible it's not altogether true. It's pretty funny, though.
At the beginning of the school year in Fall 2006, in an effort to better portray itself as sensitive to the needs of minority students, Arcadia University created a "civility flag," which was to be flown at half staff in the event of an act of incivility. Students have established a tradition of stealing the flag, and replace it with a variety of other symbols. It was first stolen by a student in November, 2006. The student replaced the flag with a pair of boxer shorts featuring $100 bills.