Podiumchote

"Yo, mike check. *sounds of a feedback loop getting exponentially louder*" -Drake
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Podiumchote is when you fall just short of the podium due to an entry placing higher than yours.

Example

Wow My entry got 3rd! I'm on the podium!

Aw man... I totally just got podiumchote!

Other acceptable synonyms are podiumdestroyed, podiumchucked, podiumrobbed, or podiumclucked.