The "purple" refers to the flowers of Jacaranda trees, which bloom at that time and have been extensively planted throughout that district. The "panic" refers to the need to be completing assignments and studying for final exams.

Are jacaranda trees blue or purple?

Australian streets are awash with the magnificent purple-blue blooms of jacarandas (Jacaranda mimosifolia) in late spring and early summer. As well as being superb street trees, jacarandas look stunning on their own as a specimen tree in an open lawn, where their fallen flowers form a colourful carpet of blue.

Do jacaranda trees change color?

They thrive in full sun and sandy soil and once established are fairly drought tolerant with few insect or disease issues. That said, they can, especially young and newly transplanted trees, begin to turn yellow and drop leaves.