So many theories have been postulated, here's my take:
Premier League: Alabama, Clemson, Georgia, Florida State, LSU, Michigan, Notre Dame, Ohio State, Oklahoma, Oregon, Penn State, USC, Washington
Not Quite There Yet Conference: Arizona, Arizona State, Duke, Illinois, Iowa, Kansas, Kentucky, Minnesota, Mississippi, Missouri, North Carolina, North Carolina State, Northwestern, Purdue, Tennessee, UCLA, Utah, Virginia, Virginia Tech, Wisconsin
Outlier League: Auburn, Baylor, Boise State, BYU, California, Cincinnati. Colorado, Florida, Indiana, Iowa State, Maryland, Louisville, Miami (FL), Michigan State, Mississippi State, Nebraska, Oklahoma State, Pitt, San Diego State, South Carolina, Wake Forest
What About Me Conference: Air Force, Arkansas, Army, Boston College, Colorado State, Fresno State Hawaii, Houston, Kansas State, Navy Oregon State, SMU, Stanford, South Florida, Texas Tech. Syracuse, Tulane, Utah State, Washington State, Wyoming
Wretched Refuse League: Ball State, Central Florida, Florida Atlantic, Memphis, Miami (OH), New Mexico, New Mexico State, Northern Illinois, Rutgers, Temple, Tulsa, UNLV, Vanderbilt
Again, not perfect, just having a little fun...