What is a product status?

[More than pastels]

I'm trying to add a new listing and keep being asked for :product status"

[Bgrdesign]

Did you click it to live on the status button

[iCraft Admin]

"Product Status" is the last field on product updates page.
It controls visibility of the product in your store and across the site.
For products to be visible to site's visitors "Product Status" has to be set to "Live".