Picture a candle with two flames. It's a metaphor for using energy excessively. He's surely burning the candle at both ends, studying till dawn and working right after.
Pro Tip 2/3
Unsustainable Effort
It implies an effort that cannot be kept up for long without rest. She cannot keep burning the candle at both ends; she'll wear herself out.
Pro Tip 3/3
Health Implications
It hints at potential negative effects on health from overwork. I worry about him burning the candle at both ends; it's not healthy.