why isnt delayed being set to false again?

local rep = game.ReplicatedStorage
local mouseDetection = rep.MouseDetection
local UIS = game:GetService("UserInputService")
local delayed = false
local delayTime = 0
UIS.InputBegan:Connect(function(input)
    if delayed == false then
        if input.UserInputType == Enum.UserInputType.MouseButton1 then
            delayed = true
            mouseDetection:FireServer()
        elseif delayed == true then
            wait(delayTime)
            delayed = false
        end
    end
end)
while true do
    wait(2)
    print(delayed)
end

Your delayed variable is used as a way of stopping a script from running when you don't want it to. For example:

local debounce = false -- basically your delayed variable

while task.wait() do -- task.wait is a more ideal way of waiting, with better performance. use it.
	if debounce == true then return end -- if db is true, then stop the script here.
	
	debounce = true -- if it isn't true, then skip that line and run this instead.
	print("Hello!!")
	task.wait(2)
	debounce = false -- this means we can run it again.
end

debounce is a very useful tool to make cooldowns for tools, important scripts etc. So by THAT logic, let me show you what you can change to make this work:

local MouseDetection = game.ReplicatedStorage.MouseDetection
local UIS = game:GetService("UserInputService")

local delayed = false
local delayTime = 0

UIS.InputBegan:Connect(function(Input, IsTyping)
	if delayed == true then return end

	if Input.KeyCode = Enum.KeyCode.MouseButton1 and not IsTyping then
		delayed = true
		            MouseDetection:FireServer()
	end -- IsTyping is checking if you're typing while making this input, if you're not then it will run.
end)

As you could see I used return, this is because return is returning a value, but since we return nothing and just use end, you don't need to worry about excess values being added. That line of code only run if it's true however, so if it's not true it will go further along down the lines of code and will continue ?to run the script.

One more thing: If you don't necessarily need an elseif, then don't use it. If you're only looking for 1 outcome, and not 2 or more, then just use a single IF, and not an else/elseif. I hope this helped you understand what you're trying to do. If this is not what you requested however, then please be more specific with your question. Thank you!

(P.S I didn't add the delayTime variable anywhere else so you can figure it out for yourself :] )