I've often wondered if it really pays off, for some companies to inflate the requirements to sometimes ridiculous degree. They're missing on those motivated and hardworking people who won't overinflate their own accomplishments, who may be very near the exact requirements stated. How many applications of people overqualified do they receive, versus those who are very underqualified compared to the first group, but just happen to be completely shameless liars exaggerating their own skills and qualifications (and end up poor to mediocre employees). I've seen so many of the latter category, it's maddening.