Good stuff here. I think they were trying to create their own Freemason cult or something by the sounds of it.
According to Fike, IPTAY was to be a secret club, complete with secret passwords and the rest. The purpose of the club was to "provide annual financial support to the athletic department at Clemson and to assist in every other way possible to regain for Clemson the high athletic standing which rightfully belongs to her."
Some of the code names IPTAY used included the Bengal Tiger, Persian Tiger and Sumatra Tiger to stand for the president, vice president and secretary, respectively. The "Exalted Iryaas" stood for the head football coach. Iryaas stood for "I receive yours and acknowledge same." A "lair" would be a unit body of IPTAY, and a "region" would be a state, province or foreign country.
The first seal IPTAY used had the acronyms WDWE and WDWD standing for "When Do We Eat" and "When Do We Drink," as well as GOCAMS standing for "Giving Our Clemson All My Support."