I got deferred from early decision and then wait-listed on the last day of decisions (i was last person from my school to hear back) from my #1 choice a few years ago (Cornell). Don't worry about it. When you start going to college, all that BS and associated stigma of not getting in where you wanted to will fade away. Just use it as motivation to do well at w/e school you end up going to and you'll be just fine.
I currently am attending a very expensive private school that's reasonably highly rated for academics mainly because that's what my parents really wanted. If I hadn't been so eager to please them, I would have put more care and thought into my decision. People look at me like I'm crazy when I say this, but I would much rather have gone to a state college for free than a pseudo-elite school which charges an insane amount of money.
Keep your head up, better days will come sooner than you might think. A cheer-up bump.