It's said that Van has been in college for 7 years. This is a nod to a line from John Belushi in "Animal House," when he says, "Seven years of my life for nothing." See more...
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Continuity: During the scene when Van and his friends are riding in Van's golf cart, just after Van has sex with the secretary, the guy in the back is seen being licked on the face by the bulldog. When the camera cuts to Van he's not being licked. When the camera cuts to Van's assistant he's being licked again. This happens over and over.
Deliberate "mistake": During the scene where Richard is playing croquet on the lawn in front of the Delta Iota Kappa house, the letters of the fraternity are visible on the front of the house. The Greek letter for "Delta" should be a triangle yet it is the letter "D" in the shot. This is presumably to follow the "DIK" joke that would not be as obvious if written in correct Greek letters.
Factual error: Richard says that he goes to sleep at 11 before his exams, and he says he has almost three hours before then, but look out the window, it is still broad daylight. This is his first exam of the semester so it should be January or February and would not be light outside after 8 PM until April.
Factual error: At the beginning of the movie Van tells the viewers that it is the beginning of spring semester at Coolidge College and it is obvious that the college is somewhere up north near Massachusetts because in the scene where Van is giving the basketball team a pep talk one of the players asks Van if he invited the girls from Mount Holyoke (which is in Massachusetts)to their party. Yet throughout the entire movie everyone is dressed in shorts and tank tops like its summertime outside when in reality January up north near Massachusetts is FREEZING...