Context:

Will Lord is my brother. I visited him at his University recently. He attends the University of the South, also known as Sewanee. Given its regal name, one would assume that the school is rich in tradition and folklore. One would be correct. The school was established in 1857. Given its small student body, many feel compelled to join fraternities and societies which each have their own collection of folklore. The school itself is full of legends. While walking around campus, I recorded him talking about famous locations, legends, etc.

Transcript:

Owen: Is this Morgan’s Steep?

Will: Yeah Morgan’s Steep was named after the Confederate General who rode his horse off the bluff in order to protect and hide the military documents he was carrying from the Union Army that was on his tail, never actually happened though, that was just the legend for a while.

Interpretation: 

Here, the legend of a Confederate soldier riding his horse off a cliff is so famous that the lookout point is named after him. There was even a rock that read “Morgan’s Steep.” Will pointed out that this was a mere legend, which to him meant that it was not true. But as a legend implies in the folklore realm, many might defend its validity.