So getting a bracelet at 7pm, disappearing for 12+ hours and jumping back in line with the one person that waited later makes them deserve to get in?
So it's been so long since we've had a Con, that memory gets rusty.
People that wait on line for a wrist band "wait on line". There's no getting a wrist band at 7 pm, as they don't give out wrist bands for the next day's panel, until late the night before.
There are people that get on line for a wrist band on Thursday so that they can get into Hall-H for the (hopefully) big Marvel Saturday panel. Then, I think, they have to wait until the next day until they give out the wrist bands for the Saturday panel, because they don't give out the wrist bands until Friday night, and it's later than 7 pm, and you have to be on the line to get the wrist band. There's no getting a wrist band for your friends. So we're talking being on line a minimum of 12 hours just to get the wrist band, if you're goal is the Saturday panel. Once they obtain their wrist bands, they then decide if they're going to stay on line over night, or leave the line. If they leave the line, and they're not working with a group, they then have to get on the line to get into Hall-H the next day BEFORE 7:00 AM, in order for them to get into Hall-H for the first panel. That's the gist of the system. Anybody can do this. The limit is the number of seats in Hall-H. Those people that work with a group are probably more interested in getting seats in the front. I did this once for a Friday panel working by myself. Got on line Thursday night, got my wrist band (late), left the line, slept in my over priced hotel room

, got on line the next morning before the deadline, and got into the first panel, which is the only one I was interested in.
If I got anything wrong, let me know.