Academe, n:
An ancient school where morality and philosophy were taught.
Academy, n:
[from Academe] A modern school where football is taught.-- Ambrose Bierce (The Devil's Dictionary)
Regrettable Necessity, n:
An avoidable atrocity. The term is often employed by presidents and prime ministers when announcing bombings of civilian targets and invasions of small countries.-- Chaz Bufe (The Devil's Dictionaries)
Clique: A group of insiders who greet outsiders with their backsides; a closed circle of asses. (Cynic's Dictionary)
Math Anxiety: An intense lifelong fear of two trains approaching each other at speeds of 60 and 80 mph. (Cynic's Dictionary)