This bag is technically snowboarding gear, but I think it has definite "animal house" applications. It fits a 12-inch laptop in a dedicated sleeve. But has built-in speakers, cd wallet, an amp, and an aux input jack. The frame folds out into a chair, so you can sit down after you're all shitfaced from sipping on the beer in the cooler compartment. The compartment even has a "champagne chimney" that holds 40 oz of malt liquor. (Hence our 'shop job above.) Lastly, it comes with deck of playing cards, and a bottle opener on its zipper. Did I mention it'll hold a snowboard, too?
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Burton Liquid Lounger Backpack [Burton]