I think what they mean about "don't waste the night" is more like "someone locked himself in their room using drugs or something like that". They try to prevent young people from straying into that kind of world.
I could understand what he was saying or at least some of it & you interpreted the rest. I liked that, “it doesn’t matter if your 1st or 3rd you’re still a rat in the rat race”!💜💜💜