Factual error: Gus is walking around the Central New Mexico Community College. The building seen in the background is the Student Resource Center. This episode is set in 2003 but that building didn't exist until 2010.
Factual error: Gus is walking through a college campus. In the background, the students are wearing clothing styles from the 2010s such as skinny jeans, but the episode is set in 2003 when those styles didn't exist yet.
Answer: It might be the Panavision cap he wore when directing his terrible commercials.