How to deal with life's great surprises?

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Life is full of surprises. You fail your exam; you've splurged through you're allowance; get your heart broken; a friend betrays you; and a lot more gliches you didn't expect. You start thinking if all there is to it is heartache and pain and you start wondering if something good is going to come out of it. What I think is this - once in a while you'll hit a snag and a lot of obstractions are hurled our way to see how tough we are made of. So I say no matter what happens deal with it then go off and party. Life has got to be lived and there should be no regrets because all mistakes are lessons well learned and we grow from them. So what do you think - do you agree or not? How do you get over your mistakes and how do you deal with one of life's great surprises?