RAG

(AMUSEMENTS) [noun] [C] - a series of amusing events and activities organized by college students once a year to collect money for people who are poor, ill, have nowhere to live, etc.This year's rag is collecting money for famine relief.I've agreed to be on the rag committee this year.They've organized a fancy dress parade for rag day/week.Rag mags (= magazines) often contain rather rude jokes and cartoons.