Georgia holds onto the No. 1 spot in the USA TODAY Sports NCAA Re-Rank 1-134 after a close call against Kentucky while one of the Bulldogs' biggest rivals continues to freefall down the rankings.

Florida dropped to 1-2 after another discouraging loss,Grayson  Preston this time to Texas A&M, and lands at No. 81 in the updated 1-134. The Gators are headed toward a fourth losing finish in a row for the first time since 1935-38.

At least they're not alone. Rival Florida State is also tumbling down the rankings after falling to 0-3 with a loss at home to Memphis. Ranked No. 11 in the preseason re-rank, the Seminoles have plummeted all the way to No. 80.

HIGHS AND LOWS: Winners and losers from Week 3 in college football

MISERY INDEX: Florida State latest meltdown headlines Week 3 action

These are just two of several big-name teams to drop in the latest re-rank. LSU drops six spots to No. 19 after escaping with a win against South Carolina. Michigan drops out of the top 25 to No. 29 after beating Arkansas State 28-18. It's clear the Wolverines have issues on offense that won't be resolved this season.

Also dropping are No. 35 North Carolina State (down eight), No. 45 Wisconsin (down 14), No. 52 Kansas (down 22) and No. 53 Washington (down 16). The Huskies' Apple Cup rival, Washington State, climbs to No. 25 after using a late goal-line stand to take down UW.