The last of the (____________).

So, I got an email addressed to everyone who started in the biochem department with me in regards to our upcoming Independent Proposals.  All the bullshit about scheduling the proposals aside (and trust me, there was a lot of it), I read that list and realized 40% of my class had dropped out.  

24 hours later, I still can't decide whether it means that I'm really smart (as in "woohoo, I'm making it where all these people failed!") or really, really stupid (as in why didn't I say "who the hell needs this shit??!?!" and peaced out 6.34 quarts of cortisol and stomach acid ago).