If there is one thing Oxford provides, it is good restaurants. There is a huge selection of off-campus dining options in this town, all of which are usually pretty good. There are nice sit-down restaurants to bring your parents or a significant other, and on the flip side, there are sports bars where a group can go to watch the game while enjoying drinks and bar food. In addition, there are quick sandwich shops, ethnic food options, some chain restaurants, and many places that deliver to the dormitories.
The town of Oxford has a good relationship with the University, and students can even use MU Bucks at many places around town instead of cash. Just put a pre-determined amount of money on your student identification card, and use it at restaurants uptown.