A nice way for a college or university to rub your nose in the face that you ALMOST got in but fell just short, most commonly bestowed among prissy know-it-alls who could use a good boot up the ass.
"Dude did you hear that kid got into MIT?!"

"Nah douchebag got waitlisted"

"whats waitlisted?"

"basically a fuck you, you didnt get in but we dont want to hurt your feelings"
by cpipes March 16, 2010
When colleges think you're sorta kinda qualified for their school but they just don't know what the fuck to do with ya, they put you on the dreaded waitlist. Sort of like Purgatory, only shittier.
My friend Angelica is a really bright, hard working, extracurricular activity-taking, lovable minority with great recommendations and a killer essay, but she still got waitlisted??? WTF man?
by Angelica March 30, 2004
An imaginary waiting list used by customer service representatives to get customers of their phones when they request a sooner appointment
This lady just called in demanding for a tech to go out to her home tomorrow to fix her internet. The soonest appointment available is in 10 days so i told her that i added her name to the cancellation waitlist just to get her off my line.
by Capt.campos24 August 19, 2017