Bool

A term used in the deep south to describe acting foolish.

Come over to my house later. We boolin'

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blackball

In fraternities, to remove a pledge from the chapter.

John didn't listen when the president told him to do his laundry. We're going to blackball him next week after we make him drive all the girls to out party this weekend.

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Blue Chip

Used in fraternities to describe someone you are particularly interested in extending a bid

Frat 1: "Bro, see that tall kid over there? He's gonna be the starting point guard by next year."
Frat 2: "Man, he's killing it with those sorostitutes too."
Frat 1: "He's definitely a blue chip."

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