No, pull an all-nighter means to study, or, possibly, work all night when normally you don't.

Ah, but it also means to party till dawn, either or. We used to close down the Wildwoods at 3 am, then head up to a club near Atlantic City called the Dunes which was open all night, and whose slogan was "The Dunes 'til Dawn!" And we used to say, "We gotta stop pulling these all-nighters or we're going to burn ourselves out." But an "all-nighter" could be just a casual house party, too...sitting around playing music or listening to tunes, and (well, you get the picture ...some folks called it the "beer and pizza for breakfast" scene...but I never went in for the beer 'n' pizza in the morning thing, eggs and coffee always).