According to the Wake Forest Gazette the Southeastern Baptist Theological Seminary will be soon removing the giant cigarette effigy that seems to have been left behind when the Z. Smith Reynolds Foundation won the original Wake Forest College in a strip poker tournament in 1946. It took till 1956 for the school to finally explain what happened that night and then the school left town in shame. As a lingering reminder, a giant cigarette was erected and built out of brick, mortar and asbestos just to rub the loss to tobacco money in our faces.
Of course none of that is true. But it does make for a much more entertaining story. The real story about why the smokestack is going to vanish, can be read here.
The Z. Smith Reynolds Foundation is related to the Reynolds tobacco family and has been a generous benefactor of many social issues.