I don't think the parent was suggesting overnights to be celebrated. In my group of high achievers, we joked about all nighters but anytime it actually happened, it was always treated as "we fucked up and were lazy and should have done this ages ago and this is our penance to attempt to claw back some almost positive outcome and passable grade from really poor planning"

Years later some of those kinds of situations were bonding moments, but none of them are considered a good thing.