I grew up riding those Varsities. They were tanks. I have had awesome wipeouts on them, and you just get back on and ride away. One time I hit a curb head on going at least 25 mph and just totally ate it in most spectacular fashion, literally stopped traffic. I thought for sure the bike was toast. It was fine.
Back then we didn't wear no helmunts neither and mah brane never got no damidges.