Three Guys and Awards

There were three guys at an award ceremony for their school: a not-so-smart one, an average one, and a smart one. The not-so-smart one proudly boasts, "I'm going to receive an award today!" The average one was a bit skeptical about this and asks, "What kind of award will that be?" Before the not-so-smart on was able to reply, the smart one said, "The Most Improved Award."