The problem is the job market has basically priced in exaggerations on resumes. People exaggerate all the time and don't get punished for it.
If you don't exaggerate, you may even miss out on opportunities and hamper your career goals whatever they may be, because they already assume you exaggerate and already account for it when reading your resume. And if you don't exaggerate? Well, they're happy to pay you less than they would've.
Certainly at least in tech in the Bay Area, fake it till you make it is the norm. I've met plenty of people with amazing resumes and references just to see them not be as good as advertised.