I am a graduation speech reject. They accepted 2 of the 4 who auditioned, and I was not one of them. I was even offered my speech back because "we don't need it anymore." Nice.
I wouldn't be quite so miffed about this if I didn't honestly believe that mine really was the best speech in the room. Then again, we are rarely good judges of our own talent, so maybe mine sucked too. To be French and pretentious, c'est la vie.