I don't know if I can speak for most Arts Kids here, but I can you assure you it is not a waste of a degree, and it is definitely worth it.
Firstly, I want to eliminate some misconceptions about Arts.
a) You don't learn anything in Arts The Degree rewards you for the Effort you put in. You don't put the effort in an Arts Degree, you rightfully belong in McDonalds. The gap between an accomplished Arts Kids and a not-so-accomplished Arts Kids is significantly large.
b) Arts Kids have so much free time compared to other degrees. Actually, with so much free time, you are expected to do further study, to do further readings and acquire greater knowledge to broaden your understanding of the world, and in your area of study
c) Arts Subjects have so many bogus subjects. Unfortunately, universities need to make money. You will find bogus subjects in other areas of discipline like Science and Commerce too. Arts shouldn't be pigeon-holed.
d) You have no vocational skills. It is important to ask yourself, what do you want in life? Firstly, what do you want in University? Do you want to become a manufactured employable slave or do you want something that's even more valuable than that: analytic skills, broad understanding of the world, sense of enlightenment.
I could have done Commerce, I could have done Science, I could have done Bio-medicine, but the Arts, to me, if you pick the right subjects, equips you with the mode of thinking and the analytic tools that if you do want to pursue those courses/ or a post graduate degree, in the future, you can with ease. If you've got that method of thinking, I can't see why it's not applicable in other genres.
So, what do you want your next 3 years of University to be? Money or Enlightenment