Classic college pranks that are, and always will be, funny.
Fill a plastic wallet with shaving cream slide the open side under the door and stamp on the other side. It's great when there is a party in the room that you wasn't invited to.
Get 3 sheep (can be any animal but these are easier.) write the numbers 1, 3 and 4 on them and let them loose in another dorm. This is great being as they will leave a mess where they have been also people will spend ages looking for number 2. For even better results play a tape there that has the animals noises on it to really make them look.
Buy the Annoy-a-tron from think geek and leave it in someones room watch as they go nuts from trying to figure out whats causing the noises.
Change the windows start theme on peoples laptops to something loud and lasts for about 3 minutes.
Tell someone you will pay them a $1000 to let you crack 3 eggs on there head. If they agree crack 2 eggs spread the yolk all over them and run away.
Put contact adhesive in someones slippers and watch them try to remove the,
When a mate is asleep saran wrap them to there bed it really confuses them when they wake up.
Empty out the persons shampoo bottle and replace it with baby oil its simple but it has a great effect.
If the doors open in to the room get a piece or rope and tie it to different rooms door handles then bang on the doors and watch them try to get out.
Set off the smoke alarms at 2 am and watch the panic (maybe illegal so don't do it).