Word: lampooning
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...following note was found in the trash barrel near the LAMPOON building, and is reproduced here in its entirety...
Since its secret dedication ceremonies of 1910, the Lampoon building has been the scene of more turbulent, sometimes ostentatious events. These years are marked by feuds with other publications, in which some of Lampy's treasures have been borrowed temporarily. Though the Ibis is the most notorious example, other objects have served as well. Once, when the Lampoon's bound volumes of Punch disappeared, the President remarked that the organization would have to suspend publication for lack of material...
...building was padlocked for a short time. Cambridge police found the most objectionable item a drawing of a voluptuous nude entitled "What the Bride Will Wear." And the depression also brought financial difficulties, to the delight of CRIMSON editors, who twice plastered "For Sale" signs on the Lampoon door...
Finances have always figured prominently in Lampoon affairs, however, especially since its present home was built. Efforts to make the magazine more solvent included the renting of shops on its Plympton Street side. One of the most famous of these was a basement restaurant called "John's Petit Lunch." Even as early as 1916, John P. Marquand wrote in an article for the Transcript: "The Lampoon has come into almost more than its own. That is, it is still paying for its building on the installment plan...
...which was earmarked for needed restoration. More serious repairs, particularly a new tiled roof, are planned. Often during Cambridge's ample rains, rivulets of water trickle down the rough, brick walls, and gathering in pools on the floor of the Great Hall, remind Blot and Jester that the Lampoon needs renovation once again...