Definitions for varsityˈvɑr sɪ ti
Random House Webster's College Dictionary
var•si•tyˈvɑr sɪ ti(n.)(pl.)-ties.
(n.)a first-string team, esp. in sports, representing a school, college, or university.
Origin of varsity:
1840–50; cf. versity university
a British abbreviation of `university'; usually refers to Oxford University or Cambridge University
varsity, first team(noun)
a team representing a college or university
Origin: Alteration of university