“Art imitates life, but life imitates bad TV” (Woody Allen)
The mention for a major alumni award given by U.C. Berkeley is for excellence in achievement.
Meanwhile, in the episode “Brother, can you spare two dimes?”, Mr. Burns has to come up on the spot with the name for a fake awards, and he comes up with an award for outstanding achievement in the field of excellence.
(You’ll note that the dancers in the video are wearing gold and blue)