Okay, here are some things to think about:
(A) Strikeouts are real, even if it doesn't feel that way because nobody talks about it IRL. It was 13% for c/o 2016, and that is not a meaningless number. Everyone thinks it won't happen to them, until it does. Therefore, your number one priority is to get a job. If it happens to be the specific one you were angling for, great. But the downside risk you create by angling towards the hard-to-reach is way, way, WAY larger than the upside risk of getting this firm instead of that firm.
(B) The top three reasons people strike out are, in order:
3. Bad grades--Hopefully you've made your peace with this one by now, because it isn't changing. Bad grades, of course, won't help your case. But CLS has a very strong placement record, and bottom-of-the-class grades do not make it impossible, or even unlikely, that you'll be able to get a Biglaw job. Be comforted with that knowledge, and move on to the things you can actually affect.
2. Bad interviewing--Some people have dynamite charisma. Because you read TLS, that isn't you. So get your ass to OCS and start doing practice interviewing. Do as many as you can until they stop letting you in the building. Email them until they let you in purely on the knowledge that you'll annoy them if they don't. I think I did like seven. If you're so inclined, go to outside consultants who do this for a living. It helps you with the two important skills of EIP: Giving scripted answers that sound like you just came up with them, and giving the consistent energy/enthusiasm that makes it look like you'll shit bricks for the opportunity to talk to Insert Firm Name Here. It's a skill, and just like most other skills, some people are more naturally inclined, but pretty much everyone can get better with practice. If you do a shitton, then by the time EIP rolls around there won't be any questions that you haven't heard before. If you're tremendously awkward, the interviews aren't going to turn you into Don Draper overnight, but they have a decent chance of making you passable enough to hire.
1. Bad bidding--This is the worst thing students do every year. Many, maybe most, of the people who strikeout from CLS are doing something other than the prudent play, which is to fill your schedule with large-class NYC firms. Anything else entails an unnecessary risk. It's up to you to decide how badly you want something that isn't that, and whether your specific situation is such that you can afford to take on some kind of risk. But a good rule of thumb if you want to minimize the probability of debtfucking your life is that non-Stone students should be bidding a minimum of 20 large-class NYC firms. Regardless of GPA, this should include all of the following, unless you have a seriously good reason not to bid one of the above: Cadwalader, Clifford Chance, Fried Frank, Greenberg Traurig, Hogan, K&L Gates, Kaye Scholer, Kramer Levin, Mayer Brown, Milbank, Paul Hastings, Proskauer, Schulte, Sidley, and Willkie. If you are at least median-ish, that list should also include Kirkland, Ropes, and Shearman. To focus on anything besides the firms most likely to hire you if you are non-Stone is a significant risk.
(C) Do as many interviews as you can. OCS told me and other students, and will probably tell you, that you should keep your schedule to no more than 20 or so. That's utter nonsense. There is no risk to doing more interviews and you should not be shutting the door to any opportunity. Yes, it will be tiring. Drink some goddamn coffee. I had two cups each day, and those of you with higher caffeine tolerances will need more. Doesn't matter; there are available pots in the reception area. I was so tired at the end of each day that I immediately crashed when I got home. But I didn't do any interviews with anything less than 100% enthusiasm. I had 28 after bidding and raced like a madman to pick up anything that fit my schedule. For several days I was checking literally every 15 minutes to see if anyone had dropped anything (you don't have to be quite that insane). In the end, one of my offers was from a firm I picked up late in the process. I was lucky to have two others before that, but you never know which one you pick up might be the difference between Biglaw and debtpwnage. In the end, it's something of a numbers game. Think in terms of probability. It's tremendously hard to predict which firms will like you and which won't. There is often not a lot of rhyme or reason as to why Firm A called you back and Firm B didn't. Think of more interviews as more free tickets to a raffle--why would you turn down a chance to increase your odds? I had very bad grades and I don't think I'm any more likable than the next guy, but I had six callbacks, just due to the sheer volume of interviews that I did.
(D) OCS' advice is frequently bad. Take everything they say with a grain of salt. TLS consistently gives better advice. Last year, OCS told one kid that he couldn't get Simpson with a 3.7 without WE. That's nonsense. They told another kid that if he really wanted Cravath, he should bid them in his top five. That's just demonstrably really inefficient. I'm sure there are other "gems" I've forgotten.
(E) I have always been really confused as to why the average student seems to get so few of their lottery bids. This is really not a hard process. People who get fewer than 25 of their bids are doing something wrong. The first failed bid stuff is remarkably consistent year-to-year. Look up where Firm X could not be had last year. Move it a few spots above that to account for variability. This is really so easy and yet so many people in the past have messed it up. Do not be like those people.