http://www.collegeandmagnolia.com/2007/8/11/9336/04270
Kings
Alabama, Florida, Florida State, Miami, Michigan, Nebraska, Notre Dame, Ohio State, Oklahoma, Penn State, Tennessee*, Texas and USC.
Barons
Auburn, Clemson, Colorado, Georgia, LSU*, Texas A&M, UCLA, Virginia Tech, Washington and Wisconsin.
Stewart Mandel's piece from a decade ago. He's looking at history as much as current dominance.
My take...only these teams can be consider "giants." To be a sleeping giant, you have to be a giant first. So stop talking about "Rutgers" and "Illinois" and "Arizona" and the such.
On that list...who is "sleeping"?
Light sleep--Nebraska, PSU, Tennessee, Miami
Deep sleep--Colorado, Washington, Texas