Ha Ha, that's a good one. And probably just about what generations of UO undergrads also thought once the UO quite having the  students  study Latin.  I used to think it had something to do with men getting toothaches.  chuckle 

This wonderful UO motto was created by Matt Deady,  the same who is currently on the hot seat....
The most common translations are "Mind rules matter", "The mind can move mountains", "Mind over matter", "Reason can conquer great obstacles"  etc.