7
Huddled Masses Lining Up for Bullshit

The biggest shortage in 2007 was shortages. In this part of the world, there was so much food and clothes and stuff stacked around us that we weren't really short on anything. This was a terrible source of frustration for us, because it turns out shortages are kind of necessary. They gave us a reason to get out of bed in the morning.
The whole phenomenon was made worse by a wave of adults who were raised in the 80's. Movies like The Road Warrior and Terminator had promised us that by the time we grew up, we'd be living in the aftermath of a nuclear apocalypse, tear-assing around a wasteland wearing leather and firing huge guns at each other, while fighting over precious food and gasoline. Shortages, in other words, were going to give us a blank check to act awesome.

None of that happened and, by 2007, shortage shortages were reaching desperate levels.
iPhone

In June, Apple released a phone that was the same as other phones, except instead of pushing buttons to make it work, you rubbed your finger around the screen. Astonished by this life-changing invention, masses of desperate Americans took to the streets, braving the elements and camping out on sidewalks, clinging to the hope that they may finally escape the tyranny of their cruel, buttoned phones.
These people needed purpose in their lives, and for that one morning, their purpose was to get a fucking iPhone even if it meant sitting on the sidewalk all night in front of the Apple store.
Harry Potter and the Deathly Hallows

In July, fans ranging from age 10 to pedophile lined up at bookstores around the world for the midnight release of the seventh and final Harry Potter book. Unlike the iPhone, there were in fact no shortages of the book and everyone involved knew that stacks of them would be available in every single retail outlet and grocery store in the free world the next day, and for the foreseeable future. No, these lines were purely so that the fans could find out Harry's fate that night, rather than getting a good night's sleep and picking it up the next day.
Here was a line, not for the chance to have the desired object, but only to have it a few hours sooner than their friends, so that they would be first to know that (SPOILER) the good guys win and everything turns out OK (END SPOILER).
Nintendo Wii

In November and December, the Christmas shopping season arrived, a holiday when the Western world celebrates the birth of free-market capitalism. These days, the most important part of the ceremony is declaring one gift to be the "hot" gift of the season and swarming over it like a school of piranha skeletonizing a cow.
The object of the frenzy is usually some mildly amusing toy that the manufacturer has failed to make enough of. In 2007, for the second year in a row, this was the Nintendo Wii. The Wii was an innovation over previous game consoles much in the same way the iPhone was an innovation over previous phones. Instead of pushing the buttons on the controller to play the game, the user shook the controller like a maraca.
This innovation set the bullshit-buying public aflame, clawing and scratching each other for a spot in line at their local Best Buy, and paying grossly inflated prices on eBay.