At Minnesota, we still allow Sweetheart Competitions (which I think are great)!
Once a year, a woman from each sorority runs to be XYZ fraternity's token woman of the year, and the men in turn run to be ABC sorority's token man of the year. Each of these competitions are philanthropy- and house participation-based, and last about a week (Panhel and IFC try not to schedule more than one a week). Since the event needs to raise money, there's usually a big benefit event associated with each week like-
nacho feed
ice cream social/rootbeer floats
french fry feed
chilli cookoff
dunk tank
creme pie throw
tricycle races
car smash
5K run/walk
battle of the bands
etc...
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Gamma Phi Beta
TEII
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