I think these rankings are pretty funny, myself. I imagine that if I were a parent at one of these schools, or an administrator, I'd be concerned. But, now that I'm almost finished with college (not at one of the listed schools)? It's just for laughs--which is what most people probably understand.
The name "Princeton Review" isn't supposed to reference Princeton U., but Princeton NJ, home of ETS--the creator of the SAT, GRE and some other standardized tests. This was explained to me during a Princeton Review course for the GRE--they were created to "review what Princeton does" in terms of the standardized tests.
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