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A senior at an ivy league college, who depends on scholarships and working on the side, gets accepted into the secret society The Skulls. He hopes it betters chances at Harvard but The Skulls is not what he thought.
Director: Rob Cohen
The film was critically panned, but successful enough to spawn two sequels, The Skulls II (2002) and The Skulls III (2004).
The film was shot in Toronto with the University of Toronto disguised as Yale University, the plot's setting.
The Skull-and-Bones Society actually gives out watches to each class of skulls, though not necessarily with the whole branding ceremony. After the movie was filmed, Joshua Jackson acquired one of the actual watches and gave it to director Rob Cohen.
When the Skulls members are heading out to the island, the castle in the background is Singer Castle on Dark Island. The island that the Skull and Bone Society owns is called Deer Island. Both islands are in the the St. Lawrence River.