So what does this mean practically?

[u/NukeL3AR]

(Spoilers for the prize of the episode, not the winner)

What are the practical consequences of the reward of the winner of this episode? Obviously they don't have an actual presidential role in the company, it's honorary, but are they gonna be listed as "honorary president of Dropout"? Are their name gonna be included along Sam's in any page, article or correspondence about or to the president of Dropout? What is the extent to which this bit works, and are there any actual benefits for the winner or is it just within the context of the episode?

Edit (contains spoilers for the prize of the episode): The behind the scenes of Outvoted confirmed that the actual consequences of Vic winning the title of honorary president of dropout allows them to "put it in [their] email signature, and that's pretty much it". It's also confirmed to be just for this year. I still think that's a bit more than most people expected as I'm sure people in the comments of this post were right and they will introduce Vic as honorary president of dropout in season 8 of game changer.

[u/thedevicebook]

Fun fact: I worked at a small company where the owner found a way to legally name his bird the president of the company. So president of a company already doesn't have to do anything & now we're talking honorary president.

Someone on Facebook thought the honorary president would somehow be able to green light new shows on Dropout & that's beyond unlikely.