Vintage 1981 "No guts, no glory" Airborne ROTC t-shirt.  Very soft 50/50 cotton polyester by Soffe, made in USA.

There are a number of small pale bleach spots on the lower back, as shown in the last photo.  Graphics show cracking here and there.  No holes, no other issues.

Tag size L, but fits smaller than today's L, more like a M.  Please note measurements to avoid returns: laid flat measures 19.25" across chest (armpit to armpit), 25.75" length (top of collar to bottom of shirt).