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What is gentleman's third?
Doing the absolute bare minimum of work at university in order to pass, thus obtaining a third class degree, in full knowledge that upon leaving university lucrative contacts (usually a relative) has a high salary job position available for you regardless. The purpose being that you can enjoy the student lifestyle without that boring 'work' element.
Who needs to revise when my gentleman's third is all I need? Beers are on me (or in me! LOL!) lads!