"Standard Technology Ring". The undergraduate ring design (a separate graduate student version exists as well) varies slightly from year to year to reflect the unique character of the MIT experience for that class, but always features a three-piece design, with the MIT seal and the class year each appearing on a separate face, flanking a large rectangular bezel bearing an image of a beaver. The initialism IHTFP, representing the informal school motto "I Hate This Fucking Place" and jocularly euphemized as "I Have Truly Found Paradise", "Institute Has The Finest Professors", "Institute of Hacks, TomFoolery and Pranks", "It's Hard to Fondle Penguins", and other variations, has occasionally been featured on the ring given its historical prominence in student culture.
=== Caltech Rivalry ===
MIT also shares a well-known rivalry with the California Institute of Technology (Caltech), stemming from both institutions' reputations as two of the highest ranked and most highly recognized science and engineering schools …
