Pete makes fun of the kid working as a soda jerk, so Oswald steals his fur coat. The next day, during the cross-country race, they're neck and neck in this unexceptional Oswald the Lucky Rabbit from Walter Lantz' studio.
College movies were stuck in a rut in terms of what college life was like and would be for the next decade and a half, so there's no reason to hold this one up to scorn. However, there's no reason to admire it for anything except for its use of those tropes for comedy purposes and it does a mediocre job of that. In fact, one of the comedy props is Pete's wooden leg, so while that might have been okay for the era, it makes it pretty unwatchable for the modern viewer.
College movies were stuck in a rut in terms of what college life was like and would be for the next decade and a half, so there's no reason to hold this one up to scorn. However, there's no reason to admire it for anything except for its use of those tropes for comedy purposes and it does a mediocre job of that. In fact, one of the comedy props is Pete's wooden leg, so while that might have been okay for the era, it makes it pretty unwatchable for the modern viewer.