College Bowl is the varsity sport for people who have too many factoids lodged in their brains. It's sort of like Jeopardy, except with teams and more random exclamations of excitement, woe, or unfathomable lust for the character of Elmer Gantry.
Check out the team's webpage for more information.
If you're reading this, you might also be interested in a little thing called Williams Trivia, which, while being nothing at all like College Bowl, also involves teams and dislogding long-forgotten factoids from one's brain...just with more caffeine, music, and semi-naked people.