The process in which, during a late hour of the night, one attempts to masturbate,
Traven: Yo, fam. Last night I was having major stress...
Zane: Oh yeah? So what did you do?
Traven: I busted a Late-Night-Nut... Instant stress-reliever
Zane: Sick, dude!
A type of vibe you're trying to catch late night. Whether it be with your homies or if you're actually trying to bust a nut with someone.
Bro what's the move for tonight? I'm trying to be on my late night nut shit.