Some of you who have not graduated from Harvard — and thus may not own 15 pairs of loafers — may be confusing Class Day with Commencement and thinking, This school is the Harvard of Harvards and they can't get a graduation speaker more prominent than a guy who played a male cheerleader on SNL?

In reality, Class Day is the more light-hearted ceremonial day before graduation, so quotes like these from Ferrell's address are acceptable. Makes it easier to get through the deathly boring commencement address by some politician the next day.

"I'm not one of you. Okay? I can't relate to who you are and what you've been through. I graduated from the University of Life. All right? I received a degree from the School of Hard Knocks. And our colors were black and blue, baby. I had office hours with the Dean of Bloody Noses. All right? I borrowed my class notes from Professor Knuckle Sandwich and his Teaching Assistant, Ms. Fat Lip Thon Nyun. That's the kind of school I went to for real, okay?"

"The last four or, for some of you, five years you've been living in a fantasyland, running around, talking about Hemingway, or Clancy, or, I don't know, I mean whatever you read here at Harvard. The Novelization of the Matrix, I don't know. I don't know what you do here."

"Some of you will be captains of industry and business. Others of you will go on to great careers in medicine, law and public service. Four of you — and I'm not at liberty to say which four — will go on to magnificent careers in the porno industry. I'm not trying to be funny. That's just a statistical fact."

"You're about to enter into a world filled with hypocrisy and doublespeak, a world in which your limo to the airport is often a half-hour late. In addition to not even being a limo at all; often times it's a Lincoln Towncar."