Let's be honest. National Lampoons' stuff has been going downhill since Christmas vacation. I mean, that was where it was definitely noticeable for me. Christmas was not as funny as Vacation or European Vacation, and in terms of the "collegiate" stuff, the only thing they did that was good was of course, Animal House. There was a thing called Senior Prom or something. I don't know if that ever made it to theatres. Only saw bits of it on Comedy Central, had Corey Feldman in it. Boy did it suck. Class Trip wasn't that great either. I remembered renting it and wasn't all that impressed. There were some funny parts, but it was overly stale. Lampoon seemed to be living the same jokes on both fronts, the college stuff and the vacations (Vegas Vacation?)
I think the coolest thing that happened, was when Ivan Reitman went to the Sundance Festival and saw a Frat Party documentary filmed by some guy. He wanted that guy to do the script that eventually became Road Trip, which to Reitman, was more or less a sequel to Animal House. Reitman produced Animal House (or did he direct it?) Anyways, I can definitely see where he is coming from.
Watching the movie and having Tom Green doing the college campus tour, talking about naked woman washing each other other and all the shit that goes on with the Black Fraternity, it really is a good movie. The Horatio Sanz segment has me making sure I never complain about my food.
That, to me, is better than a National Lampoon movie. (See the unrated version for more in the shower scene 
)
