Your wish list is simply a list of events you want to get tickets to, listed in order of how much you want them. The system will process your list in order, so put the events you want the most at the top, followed by secondary and then tertiary (etc.) backups.
Conflicts are only per-account, so if you add an event for a friend to your wish list and you have a different event a the same time, nothing will prevent that - it'll only be blocked if your friend has another event at that time already.
If you have tickets for a few different people in your wish list, the priority order only really matters relative to other events for that same person in your list.
To reiterate the process, when your position comes up in the queue, the system will process your entire wish list (in order) and then it will move on to the next person in the queue. When it processes your wish list, it starts at the top and works it's way down, checking to see whether the tickets you want are available and whether they conflict with anything you already have. If everything is good, it adds the tickets to your cart. If tickets aren't available, it obviously can't add them and if you have a conflict event in your account or cart already, then it skips the event since you're already booked.
Does that make sense?
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Derek Guder
Event Manager
Gen Con LLC