Decorated floats, a boat race, the annual Rag Fairy, and the Twikker rag mag were just some of the innovative money-raising schemes they came up with for good causes in Sheffield.
In this retro photo gallery, we take a look back at some of the weird and wacky things the students used to get up to.
Have you got fond memories of the University Rag Parades?
1. Fairy
Watched by the crowds, the 1976 Rag Fairy prances in front of the Town Hall, October 23, 1976 Photo: Sheffied Newspapers
2. Battle
Part of the fearful battle which took place in front of the Town Hall between this monster and its attackers in the Sheffield University Rag Parade, October 26, 1974 Photo: Sheffield Newspapers
3. Crowds
Crowds watch as one of the Sheffield Rag Day Parade floats passes the Town Hall, October 23,1976 Photo: Sheffield Newspapers
4. Down De Dirty Don
Students risking life and limb in the University Rag Boat Race, October 1970 Photo: Sheffield Newspapers