I don't know, I'd have the same first reaction. How many undergraduates even own a suit? I don't think I or any of my friends owned a suit until long after graduation.
It should be noted that the only reason Meze Grill is accepting bitcoins is because Bruce Wagner, host of the 24/7 Bitcoin show (http://onlyonetv.com/?page_id=178), loves the restaurant and convinced the owner to accept bitcoins. The owner himself (on Bruce's show) has admitted it's basically a cute little gimmick and doesn't actually any real volume using bitcoins at his shop.