Cry? ...I really don't know. I've got some money saved up in the bank, so I'm planning on doing any and all of the following:
a) getting a new job because the one that I'm at is slowly draining my lust for life
take community college classes in French so that I can say that I have that language in my back-pocket too (I'm currently taking French 1 at my undergrad)
c) going to Paris, even if only for a week or two
d) keep applying to and presenting at conferences
e) try harder for next year
As much as I want to, there's no way I'm giving up yet, because I honestly can't imagine doing anything with myself at this point. Plus, my advisor at my undergrad was rejected all-around her first time applying, and now she's got a cushy job teaching at my university, is totally happy with her life, is well-respected in her field, and just had her first translation published in book form. So, I guess the answer to your question is "try, try again".
Oh, and DRINK HEAVILY AND OFTEN.