I have a girlfriend who went to a small university on the east coast. She and her girlfriends celebrated V. Day by doing a secret pantie exchange. Imagine Secret Santa but with panties instead of lame scented candles. Since their graduation, they've all parted ways but their tradition lives on. How cool is that?
Just goes to show you that V. Day doesn't have to be lame!
Underweat courtesy of Anthropologie.... who else?