Really? My graduation wasn't sparkling or anything, just 2 speeches, everybody being called forward to recieve their graduation and then just chatting with your friends, teachers you'll never see again, talk about future plans. And of course, later that night there was the graduation party organized by the school. Followed over the next couple of days by some more student organized graduation parties. And then there were 2 weeks of sunny Italy with my (then) girlfriend. Excellent period!