The moment when you've procrastinated to the very last minute and there seems like there's no way you could possibly get everything done in the little amount of time that you have- but you seem to pull your shit together in a way that no human possibly could and get the assignment done with a manageable B grade.
"When's that 12 page report due?"
"Tomorrow in 2nd period. Did you finish it yet?"
"Nah man, but it's cool. I'll just wait till later tonight and get it done using the Miracle of Procrastination."