Another good movie to consider, which shows both fraternity and sorority highlights (serenading, candle passes, etc...) is Fraternity Row. It's hard to find, though - I last saw it on HBO three years ago and taped it. Although the story has a very sad ending (consequences of hazing and refusal to accept positive change) - the movie is a good one, showing greek life in the early 60's setting. Good funny moments as well.
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