How I Label My Anime Statuses:
Watched: Animes I've completed.
Watching: Animes I'm currently watching.
Want to Watch: Animes I'd like to watch, but still haven't bought, rented, borrowed or downloaded.
Stalled: Animes I haven't seen/completed, but have access to watch whenever I'd like. Some stalled animes are animes I've started, but didn't finish even though I plan on going back to watching them.
Dropped: Animes I've started, but didn't finish because I didn't like them.
Won't Watch: Animes that I refuse to watch. The most common reason for this would be if the anime were too long (100+ episodes).