"Yield Protection"; used to explain the effect seen in some college or graduate admissions departments where an applicant with extremely good credentials will be rejected or waitlisted, while seemingly less-qualified individuals will be presumptively accepted.
The theory is that by rejecting or waitlisting such applicants, the school's selectivity ranking is protected, and its US News and World Report ranking may be enhanced.
A: "I applied to a TTT but got rejected! But I was accepted to Harvard!"
B: "What were your numbers?"
A: "My LSAT was 178, GPA was 3.9."
B: "You got hit by YP, dude."