Running the whole way round a university/college faculty while naked, to celebrate a successful night out. This is sometimes done as a dare and almost always whilst pissed.
1. "Man, that was the best night out ever. Wanna do a glory lap around the History fac on our way back to our dorms?"
2. "I don't feel ready to call it a night yet. Let's do a glory lap"
3. "Drinks on me tomorrow night if you do a glory lap around the library"