http://www.pasadenastarnews.com/ci_13939751

The pranksters - "hacksters" in MIT parlance - at Caltech have struck again, although the effort seems unlikely to join the panoply of the institute's legendary practical jokes.

In an article in MIT's student paper, "The Tech," MIT student Vicki Crosson wrote that she stumbled across a crumpled banner on her way to the student center last week.

"It looked at first glance like part of your average failed hack," Crosson wrote, "but I quickly realized this failed hack was a little more Californian than average."
A group of Caltech students had jetted to the East Coast to announce that MIT was being taken over by Caltech - for what other reason but "extreme financial pressures" - and the rival university would be renamed Caltech East.

The students created a Web site and a newspaper announcing the changes at http://east.caltech.edu.

Notably, East Techers would focus on liberal arts, be expected to go crazy "coloring, reading, and blogging to their heart's content."

The MIT facilities management caught the real Techers in the middle of their campaign to put up banners saying "SOLD" and "Caltech East," according to Crosson, but one MIT sympathizer caught a shot of a successfully mounted banner at http://img113.yfrog.com/i/8ofj.jpg/.