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burn the midnight oil 

to work diligently, especially late into the night
I had to burn the midnight oil to get that done.

burn that midnight oil 

A clever way to ask your 420 friendly fuck buddy to come over late at night, do some dabs, and fuck like rabbits.

Similar to Netflix and chill.

And. . . It doesn't count if you're just smoking weed. Dabs only. kk?
Guy: Hey what r u doing?
Girl: Not much, just bored :-(
Guy: You wanna come over and burn that midnight oil?
Girl: Ummmm. . . Sure. . . why not? I haven't been high all day ;-)

burn the midnight oil 

To stay up all night working. Apparently some drop the "the", though this must be rare.
Man Bob, you must have really burned the midnight oil on this one!