I deal with this by finding encouragement in meaningless places.
Ex: "Oh, the UW Madison English department secretary is so friendly! She clearly wants me to go there." and "Look, the UT Austin application checklist is so well organized, how nice. This must mean I'll get in!"
I'm clearly delusional, and like many of you, borderline hysterical, but what can we do? If we get in, this is only the beginning.
We should have a drink of choice thread. I will put forth a nice cold wheat beer, to go with this already wine-soaked thread.