San Luis Obispo
I use my wishlist to tag games that I'm interested in, as I happen to read about them on the geek. I modify the game's category to #5 when I know I will get the game soon (eg. through trade). That way they stay on my wishlist until they are added to my collection, but my relatives (who use the wishlist as a source of ideas for birthday and other gifts) don't get me something I already have in the pipeline.
Ditto on my end. #5 games are either ones I'm about to order, have on order, or have on pre-order, or really really really do not want but wanted to 'bookmark' for other reasons.