Chip: "I'm leery. I imagine most of the classes will do nothing but sit around pondering the 'meaning' of songs like "I Am the Walrus": "Elementary penguin singing hari krishna / Man, you should have seen them kicking edgar allan poe." Well, guess what, scholars, it doesn't mean anything! Plus, I suspect the upcoming Decemberists' concept album, which is said to involve "a lady named Margaret, her dude William, a 'rake', and a forest queen" (source: interweb) will make Sgt. Pepper's pale by comparison."
Richard: "I'm in favor, although I'd personally prefer a Ph.D in Dylan. Actually, I've been considering starting a Master's program of my own, in "Hipster Studies." We'd devote one class, for instance, to an examination of hipster trends, such as their preference for cheap, terrible beers and their passion for childhood games like kickball. We'd also examine seminal hipster bands (The Pixies) and filmmakers (Wes Anderson). Naturally, hipsters themselves would be far too hip to take these classes, and I imagine the students would mostly be outcasts who desired to be 'hip.' And by the time they earned their degree they'd ideally be capable of attending a show at the Replay and talking intelligently about Pavement while sipping a PBR."
Chip: "To demystify and add to hipster culture might ultimately be to destroy it, since the culture depends on its small numbers and specialized knowledge. I think you should do this."