Entry level position... what is it?

When I see "Entry Level position" in job boards etc..

I think 'Fresh out of college' or something like 0 experience..

Looking to gain experience..

or

Maybe some intern experience..

But I see alot of companies posting "Entry Level position"

and put some ridiculous requirements like "3-5 years of experience."

And have like 10 skills of sort that are "required."

If thats the case..

wouldn't they have to make another level such as "Pre-Entry level"

for stupid college graduates such as myself?

Why don't they post it on 'experience level positions'?

I'm just curious why those companies post those "supposely entry level jobs..

especially at college boards.