Nothing different than the way fraternity and sororities have been partying for decades. A reader sent us this photo of a Delta Upsilon "Poverty Party" at Tufts University in 1930 — right near the beginning of the Great Depression!
Apparently, making fun of those less fortunate than you has long been a favored frat party theme. We kinda like what he did with the bottoms of his pants, though.
(Munro, Melville S. "Delta Upsilon Poverty Party, 1930." 1930. Tufts University. Digital Collections and Archives. Medford, MA. http://dl.tufts.edu/catalog/tufts:…)