Okay so I had this very short memory shoot into my head about a movie, driving me crazy... I can't come up with the title!

I'm going to guess it's 80's-90's area

All I remember is a scene where there were people dancing around a table, excited because someone either got into Princeton... or they thought he got into Princeton. They were dressed in Princeton apparel... and singing (I'm guessing)the Princeton motto "Princeton, lead the way. Princeton, forward march to victory... '

Anyone?