This is funny. Daniel Drezner, having received the full professor status, lists the benefits:
6) Something better than that stupid f@#%ing pen ceremony. As this site observes, "The scene in the movie A Beautiful Mind in which mathematics professors ritualistically present pens to Nash was completely fabricated in Hollywood. No such custom exists."
In the actual ceremony, colleagues ritualistically present signed and notarized statements in which they confess that they were in error when they labeled your research as "putrid swill" back when you were a post-doc.
...
4) When required to wear full academic regalia, full professors get to wear swords. Nobody better mess with me at commencement.
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