From Excite.com News (really):
Three students at Jacksonville University have been punished for installing a stripper pole in an on-campus apartment and taking pictures as fully clothed women performed on it at a party. A female student who won a dance contest also was disciplined.
About a dozen women competed for a $100 Victorias Secret gift certificate Sept. 11, said James Foster, a 20-year-old who hosted the party. None of the women disrobed.
The men bought the steel pole from Home Depot, bolted it to the concrete ceiling and attached the bottom to a plywood stage covered in red felt.
Best line from the news piece: The party ended shortly after the beer ran out.