Abbreviated form of
Junior Common Room (more commonly used than the full version) in
UK universities and their halls of residence - usually just a students' TV lounge, occasionally a bar, maybe a
pool table or two, and
by extension to the elected organization responsible for apologising to the cleaners, paying the
cable bill and getting the
News of the World delivered every Sunday, and, by even more extension, to the entire undergraduate student body for the college or hall in question. In
collegiate institutions it is often complemented by a Middle Common Room (for
postgraduate students) and a Senior Common Room (a rather more well-appointed club for
academic staff), but they don't get abbreviated so frequently.