1) The term "420" originated in 1971 when a group of teenagers in California designated 4:20 pm as the time to meet up to search for an abandoned cannabis crop. 2) The term evolved to become code for smoking marijuana in general. 3) An annual celebration of 420 is held on the University of Colorado Boulder's campus, drawing over 25,000 attendees in 2011, making it one of the largest marijuana celebrations in the US.