As it's almost April, and I still only have three wait lists (all for PhD, I already have an M.A.) and a ton of rejections, I've been thinking on this question a bit. If I don't get in to any of the three places, I'm kind of at a loss as to what I'll do for another year as I wait to apply for PhD schools starting in 2013. I'll definitely be reapplying, but if I don't get in after the second round, I think it's time to try something else. The Peace Corps is a fantastic idea, but there are three problems; one is that it's not really a long-term solution - at least, not to begin with; it's two years, but you can extend and then, if you like administrative stuff there are possibilities there. Secondly, I'm already in the Peace Corps, and it is fantastic, but from experience the majority of people that choose it as a plan B don't particularly like it, nor do they usually stay for the full two years. It can be pretty tough, and if it's not something you really want to do, it's probably not a good choice (alot like going to grad school, I suppose). Third, I'm already in the Peace Corps, and don't think that I want to do it again immediately after going back to the states.
So, what to do if I don't get in off one of the wait lists? I think I'll spend it working on my SoP and Writing Sample and retaking the GREs (as they'll have expired by then) while working some job that takes little to no thinking or time. Bartender? And if I don't get in after the second try, I'll probably take my beer making hobby and new found bartending skills and open a brewpub. Where the money for such a thing will come from, I've yet to figure out. Maybe I'll knock off a bank? Yeah, a bank heist sounds like fun.