My third year of college someone set one up, it just wound up being three of us that year but we had fun hanging out and watching anime--that was also how I got to my first convention.
I have two particularly fond memories of the club. The first was at the end of the first year when we got together in my room for cake, only no one bought a knife. We tries cutting it with a pair of chopsticks before finally remembering that there was a kitchen downstairs *facepalm*
The second was the first day of the next year, I was eating lunch at the cafeteria when a girl stopped by to comment on my shirt (I have this fuzzy sweater people loooove to touch) and I noticed her Naruto wristband and suggested she join the club. She had decided prior to starting university that she was done with cosplaying, and I pretty much ruined that in that moment
So nothing too outrageous, but it was fun.