1. A term used when a people gather at a local game store at Midnight for a video game release.
2. When you ejaculate at Midnight (usually in the dark, and it can be by yourself, with another, or in a group)
1. Hey, you weren't in school today, did you go to Game Stop last night for the Midnight Release?
2. Nobody was home at the moment, and I was a bit horny, so I decided to have a Midnight Release.