I'm just going to chime in for a second, because one thing about this thread bothered me a little bit. Some of the comments here are kind of implying that if you choose Yale "just because it's the best" it means you have somehow succumbed to prestige-whoring and, instead of choosing a school because it's the "best fit" you're just using that as a thin veil for making a choice purely based on ranking.
Now, I have no hesitation in saying that a large part of why I came to Yale is that it's number one. I am here to get a professional education and then hopefully get a job. Based on USNews, law firm hiring practices and current students' assessments, I got the impression that Yale would GET me a job in whatever I wanted to do (and not being sure of what that is yet, I'm happy to have the options Yale provides). Additionally, USNews criteria, in my opinion, do a decent job of assessing whether a school is actually good at educating its students (bar passage rates, employment rates, peer assessments, etc.), so the fact that Yale is ranked highly does at least suggest that it's a pretty good school.
Luckily for me, Yale also happened to have a lot of things that make me happy, aside from making me employed. It's small, it's academically flexible, it's filled with friendly, brilliant people and it's in a town I happen to like a lot. But even if it had not had all those things, I see no reason not to choose to attend the best school you get into (whatever that may mean to you).
I understand that some people are just trying to point out that being ranked #1 in USNews does NOT make a school "the best school." I agree. However, selecting the #1 ranked school because you believe it will help your future employment prospects is not necessarily objectionable in my book.
Let the dissecting begin.