Stealing Laptops For Class Credit
First time accepted submitter core_tripper writes "Students at the University of Twente have stolen thirty laptops from various members of the university's staff. They were not prosecuted for this, so they could just get on with their studies. Indeed, these students even received ECTS credits for these thefts. UT researcher Trajce Dimkov asked the students to steal the machines as part of a scientific experiment. Stealing these laptops turned out to be a pretty simple matter."
Two relevant anecdotes from when I was in college:
1) In an artificial life course we got to propose our own semester project. One guy wanted to write a worm, but the professor was afraid that his tenure would not be enough to protect his job if the worm got out of hand.
2) One faculty member that taught a computer security course used to make the offer that anybody who could successfully access his gradebook and change their grade could have the higher grade. He stopped doing this after students switched from trying to electronically break in to just casing his house.