A worldwide student condition that makes one completely unmotivated and unproductive in the time leading up to and during one's final exam. Procrastination reaches unchartable levels and everything except actual studying is done. During the exam writing tends to be rambling and illegible and 95% of cases leave their exam early, even if what they have written isn't up to usual standard/they've written too little for good marks.
"Dude! Your exam starts in three hours; why are you making an elephant out of old macaroni?"
"It's my last exam of the semester - I have Last Exam Syndrome."
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Last Exam Syndrome is when a person has low to no interest in studying for the last exam because of the anticipation and excitement for the upcoming holidays after the exams.
Guy: Don't know why, but I don't feel like studying for the last exam. I think I have a Last Exam Syndrome.