Factual error: Jake hangs a Princeton banner in his home. The colors of the banner are brown and yellow. But the colors of Princeton are orange (primarily) and blue.
Factual error: When the foootball teams are playing matches, watch the football and youll see it spin like its not supposed to. If you're rightie, the ball spins to the right but various times it spins to the left.
Answer: The song is called "Yoo Hoo" by Imperial Teen. The same song plays in Jawbreaker when Rose McGowan is leading her friends down the hall, which is of course, the scene that Not Another Teen Movie is mimicking.