It's the mockery of everything about college football. No one likes it but those that benefit directly from it financially.
It's the BCS.
It has come under the most fire it probably ever has following this year's BCS bowl bids. Oklahoma State was controversially left out of the national title game, leaving LSU-Alabama in a rematch that the BCS used to be against.
Then there's the Michigan-Va Tech matchup, which is only excusable if you're a moron or a BCS official. The sheer fact that the 11th- and 13th-ranked teams play in one of the top bowl games is ridiculous, especially considering Boise State and Kansas State, among others, were left out to dry.
This year would possibly be the best year to institute a playoff. With four 1-loss and seven 2-loss teams in the top 15, and also one undefeated team, no one seems entitled to any of the bowl games besides LSU.
So what would a 16-team playoff look like this year?