In a modern sense, what does being a blue blood actually mean?

Guys... guys... Oregon only realizing they have a football program in the last 20 years and Nebraska not making a bowl for the better part of a decade suggests neither should expect anyone cares about them, blue blood status should be the last thing either is concerned with. Let's not fight.
 
You just translated me telling you "Nebraska's currently a blueblood." to me telling you "You know your days are numbered".

That's how dumb you are.

Translation: Retard_alert is trying to deflect after acknowledging Nebraska is a has-been.
 
I repeat... "I have no desire to spend 5 pages explaining to you why Princeton in not a Division 1 (FBS) blueblood."

Now kindly go hump someone else's leg. TOODLES!!

What does that have to do with Nebraska being a blue blood?
 
Michigan got their Blue Blood status back this year
 
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