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What are all the downfalls of being waitlisted?

Applying to College

Thread		Replies	Views	Activity
what to expect when waitlisted? University of Delaware	4	67	April 17, 2021
Waitlist.... Applying to College	3	28	April 16, 2021
How does being waitlisted work? University of Pennsylvania	9	59	April 17, 2021
waitlisted...ANy hope? University of Pennsylvania	14	93	April 17, 2021
WAITLISTED: good or bad???????? Applying to College	5	613	April 16, 2021