"IF" (positive thinking here) I get all rejections, I would wait until the final day, when the last rejection comes in. Then, I would slowly walk to the nearby liquor store, buy the most expensive bottle of champagne I can afford, go home, and start drinking (regardless of time). When Im decidedly drunk enough, Ill call my family and friends and cry over my lost youth and general unworthiness.
After I get over the hangover and embarrassment, Ill realize that it means I have another 6 months to finish my thesis, and another whole year to attend and present at conferences without pesky classes being in the way. Ill claim to everyone that it's for the best. Ill take up yoga to fit my new, positive lifestyle. This will last approximately 6 months.
Then, come October, Ill start obsessively stalking school webpages again. Ill fill out and send the applications way too early because I can't TAKE having unfinished business. Ill be back, lurking on Grad Cafe and making the 'top poster' list every month. Ill stop taking yoga (no time, must stalk email), and will develop a bulge in my neck that I can't get rid of (it's really starting to worry me. Cant really look left at this point).
And the cycle will repeat, on and on, until finally, one day, I receive an acceptance.....