The Honor System states simply that the student will not lie, cheat, or steal. If convicted of violating the code, the punishment is final – death by fire ants expulsion (with any previously awarded degrees revoked).
Numerous attempts to alter the single-sanction honor code (or one-strike-and-your-out rule), which has been in effect for over 150 years, have all failed.
The history of college-level honor codes began in America, coincidently enough, with the Yardmaster of UVA himself, Thomas Jefferson. TJ penned the code for his alma mater, the College of William and Mary.