Still very popular at our high school, but after graduation, to the closet they go. With medals being given for various awards in various sports, my son is a walking wind chime.
NEVER ever wear one on a college campus. I took my sons to a football game when they were younger and one wore his varsity jacket, his normal attire then. As he walked across campus, he caught a couple "OH GEE, An atha-lete"-type wise guy comments.
We received them in college as well. Unfortunately, when my time came they were re-designed into a gosh-awful bright orange with a tad of maroon. It became my trash take out coat upon getting married, ultimately died, and was buried in an unmarked dumpster.