dzmissy,
Our Greek God & Goddess isn't a pageant of any kind. Basically each sorority/fraternity picks a member (usually the one who is the most popular/well known on campus) and cans with their pictures on are at the cafeteria & student center. People make penny/small change donations and whoever has garnered the most $$$ at the end of the week is the Greek god & goddess. Then all the $$$ is split between their organizations' philanthropy.
We also got points for the sorority/fraternity that had the highest overall GPA. Plus we had a Greek swim meet separate from olympics. I think I had that blocked out of my mind when I first posted - because we royally sucked at it!!