Chill No Chill: Flying Standby

Flying standby is one way to travel on a budget. Aside from saving money, it can lead to travel anxiety, stress, missed flights, and the desire to toke up. If standby works out in your favor, you just scored a cheap flight although,  after you got bumped off the first three flights, your luggage may or may not be waiting for you at the final destination. Is the possibility of a cheaper flight chill, or is the uncertainty of it all no chill?