I do not have the time nor the requisite vocabulary to adequately answer your second question so I will have to, as they say, "cop out" by instead assuring you that it is simply inappropriate for the occasion.

To your first question, we will not be wearing the fancy threads to stay in our hives but to attend a party held for all the student body at the schooling block.

And no, I don't know why they call it Homecoming either.