Playboy released its annual list of top party schools on Monday, and the University of Pennsylvania in Philadelphia earned the coveted (or not-so-coveted?) #1 spot. This is the first time we can remember an Ivy League nabbing the honor, and everyone on campus seems pretty surprised right now:

lol wut? (ps it's Penn): "An Ivy League school is number 1 on Playboy's list of top party schools" http://t.co/FuRjlQQA3O via @TIME

— Sally Bronston (@salbron) September 15, 2014

I graduated from good ol' Penn last May and am also weirded out by the "party school" title. Personally, I'm more of a fan of GrubHub naming Penn as the "Most Polite College" (calculated by the number of please-and-thank-yous that students write in their food delivery orders).

Here's Playboy's reasoning for the ranking (boldface added):

"Smarties can party too, and UPenn puts other Ivies to shame with its union of brains, brewskies and bros. Boasting a notorious underground frat scene that school officials have deemed a nuisance, these renegades pony up thousands of dollars’ worth of liquor for their parties -- and competition among the houses means a balls-out war of debauchery. Aboveground, casual sex is rampant, as coeds value careers over coupling. Philly’s boisterous bar scene keeps off-campus-carousing options numerous. School-sponsored day drinking hits a high note during Spring Fling, an outdoor music fest that pulls in acts such as Passion Pit, Tyga and Janelle Monáe and turns the Quad into a sloshed mosh pit."

Well, of course Penn sounds like a hot mess when you write it like that, Playboy. There's some truth to their description, but there's also a lot of sensationalism. Here's what Penn does and doesn't have...

Brains ✓

Penn's 2014 acceptance rate was 9.9%. I hate to recycle the age-old "work hard, play hard" mantra, but the same people who are throwing down Saturday night are the ones camped out in the library all day Sunday. (But there are exceptions to the rule as with any school, of course.)

Brewskies ✓

There's plenty of brewskies to go around. The frat parties have their standard kegs and cheap beer, but there's also tons of bars on (or near) campus. One of them, City Tap House, has a whopping 60 beers on tap and is even connected to an apartment building that houses Penn students. You can get a craft beer without even stepping outside.

Bros ✓

If by "bros" you mean "fraternity brothers"...then yes, Penn has those.

Notorious Underground Frat Scene ✓

These "notorious underground" frats are really just off-campus fraternities that aren't recognized by the university. They throw house parties and host events at clubs in downtown Philadelphia -- just like normal frats do. The difference is that off-campus frats don't need to abide by the Interfraternity Council's rules, so hazing and alcohol use goes unregulated. These groups "are seen as nuisance houses and have over the years caused many problems both for members, other students, and neighbors," Penn states on its fraternity and sorority life website.

Thousands Of Dollars' Worth Of Liquor ✓

According to a receipt published on Penn's Under The Button blog, a student spent $1,636.44 on 156 bottles of vodka. SMH.

Debauchery War

Sure, there's some competition between certain frats -- but there's also alliances, like when frats pair up to host downtown events or concerts. For the most part, you just go to the parties where you know your friends will be. There's no bad blood here.

Casual Sex ✓(ish)

I mean, it happens -- it's college, what do you expect? -- but it doesn't happen nearly as much as the infamous "Sex On Campus: She Can Play That Game, Too" New York Times article makes it seem.

Boisterous Bar Scene ✓

There's a handful of popular campus bars, but it's really Philly that has the coolest bars. Seniors who've long outgrown frat parties are more than ready to make the trip downtown for an impromptu happy hour.

School-Sponsored Day Drinking ✓

Day drinking -- especially during Penn's annual Spring Fling concert and on holidays like St. Paddy's -- is a thing. School-sponsored day drinking is not. Although the university plans Fling every year, they aren't supporting underage drinking by doing so. Liquor control police shut down parties and issue citations when necessary.

Sloshed Mosh Pit

I'm not sure a crowd of students bopping along to live band music in the quad counts as a mosh pit, but maybe that's just me.

So given all this, is Penn the true top party school? Just because it’s an Ivy League doesn’t mean it can’t be a party school, too, but the Playboy description is a little over-the-top. Let us know what you think in the comments, whether you agree with Playboy or think your school deserved the "honor" instead -- but a label is just a label, after all.