I've long given up on using my work to distract me. But I am into the whole (half) lying to myself thing. I tell myself that I haven't heard because they are still trying to work out funding issues. This usually buys me a couple of days (until I come here and see that someone else has been accepted with funding). Then I tell myself that there was some reason that they were accepted instead of me (they're applied - while I'm theoretical, they were denied university funding - while I'm still in the running, even...the department knew they weren't comming so they wanted to hold that spot for me - in case the university funding doesn't work out). Surprisingly, this actually buys me another couple of days...
When I'm not out of touch with reality, I distract myself by cooking these elaborate - Martha Stewart style - made for at least six people meals (fortunately my department is full of hungry grad students).