The kid behind it should receive extra credit for that. He probably learned more real-life job skills doing that prank than he will in his whole time in high school.
Yale did it in '04 using the exact same words and about twice as many people. The Yale one didn't turn out as legible, though.
http://www.youtube.com/watch?v=dQ99ScGdQv0
If I didn't already know what the message said I doubt I'd be able to read it from across the field. Hint: black on white stands out more than white on black.