How about trouser kraken? Can we coin that term?
PS I wouldn't pick a hashtag for use that has "team" in it. Once the mentors pick, their teams make names for themselves and put those up (Yay! I'm on #teamwhatever). Assuming we ALL get in, we wouldn't want our teams to think we didn't have allegiance to them. So something obscure we can shout out to each other would work...
When full of rejection, I find reading can help because A) I find a book that's poorly done and think, well, many someones actually found this book good and put it through the system, so I just need to connect with the right someone myself, B) I read a good book and it inspires me to think that this is the kind of author I want to be, and then I dig back into my own work, C, which is realted to B) I learn something new (style/voice/characterization) and think how I can employ something like it because it was kick-ass, and get inspired to dig back in.
Does the jealousy hit sometimes? Absolutely. But then the more I think about it, the more I spin it to one of the above.