Acme Looniversity is a high school located in Acme Acres, and is also where most of the main characters go to school to be taught by famous Warner Brothers characters including Bugs Bunny. The word "Looniversity" in the name is a play on "university," and despite the pun, Acme Looniversity is actually a high school. The Great and Powerful Principal of Looniversity is a giant flaming head, colored green or orange, voiced by Noel Blanc (Son of the late Mel Blanc). It is revealed in the Looniversity Daze episode segment, The Learning Principal, that the great and powerful principal is a machine controlled by Bugs Bunny, similar to how the Wizard in The Wizard of Oz is a machine controlled by a man. Acme Loo's rival is Perfecto Prep and several episodes revolve around Acme Loo's students competing against the Perfecto Prep alumni, usually in sporting events.
Graduates of Acme Looniversity receive a "Diploma of Lunacy", giving them the opportunity to become full-time cartoon characters.
The school has a flag which has a purple coat of arms with two red ribbons protruding from it as well as Bugs Bunny holding a boulder on one side and Daffy Duck holding up a wooden mallet on the other upon a gold banner.
Acme Looniversity's teams are called the "Toonsters" and the colors are medium royal blue and white. Their school song is based on many college theme songs (with a goofy twist of course). Their main rival is the Perfecto Prep University. They are usually underdogs in every sport, however usually managing to somehow beat the Perfectos if by only 1 point.