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Degrees and "Degrees"

Is there such a thing as there being degrees (Which are useful and can be applied to a decent selection of vacancies) and:

"degrees" (Which might sound fancy but aren't useful in a lot of vacancies, could also be just to say you got a degree)

This is not to insult anyone who has been to a university and finished their course, but it's something I've been told long time ago by my previous work colleague who nearly became a lawyer, supposedly there are meme degrees as he puts it that look good on a CV but used in an interview is tripe.

What are your thoughts on this? Would you say that is complete nonsense? Or is there some truth to this?

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