https://fivethirtyeight.com/features/the-most-absurd-college-football-bowls-ranked-using-math/

Courtesy of 538. They came up with a system and everything. The Cheez-It Bowl isn't quite at the top, probably because they recognize that Cheez-Its are actually quite amazing.

I note that the higher the anticipated over/under line the more absurdity points you get. This is clearly what cost us a shot at the title. We must have the lowest anticipated over/under line in for the entire bowl season (despite doing very well in the "multiple bowl sponsors in a short time period" and "funny product" categories).

This is actually pretty fascinating... WARNING SPOILER ALERT FOR #1.... please skip if you don't want the end of the story ruined.
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.Finally, we arrive at No. 1 in our ranking, the first 17-point bowl in our sample the brand-new Makers Wanted Bahamas Bowl. What it lacks in length (only 26 characters), it makes up for with bad teams (neither Toledo nor Florida International cracks a 1450 Elo rating), a nearly 70-point over/under according to Jeff Sagarin's projections, a former sponsor list that includes Popeye's (fast-food chicken!!!) and a ridiculous backstory that involves a town in Illinois spending taxpayer money to sponsor a college football game staged in the Bahamas in order to drum up business for the largest contiguous industrial park in North America. ("Makers Wanted" is a slogan that, this press release informs us, "serves as a call-to-action for Elk Grove Village's thriving community and the thousands of businesses that are based there.")

TheFiatLux said:

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Finally, we arrive at No. 1 in our ranking, the first 17-point bowl in our sample the brand-new Makers Wanted Bahamas Bowl. What it lacks in length (only 26 characters), it makes up for with bad teams (neither Toledo nor Florida International cracks a 1450 Elo rating), a nearly 70-point over/under according to Jeff Sagarin's projections, a former sponsor list that includes Popeye's (fast-food chicken!!!) and a ridiculous backstory that involves a town in Illinois spending taxpayer money to sponsor a college football game staged in the Bahamas in order to drum up business for the largest contiguous industrial park in North America. ("Makers Wanted" is a slogan that, this press release informs us, "serves as a call-to-action for Elk Grove Village's thriving community and the thousands of businesses that are based there.")

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Yeah, that's officially the dumbest bowl name ever until someone tops it. Good job, Elk Grove Village, IL! You win!