In Grimm's Fairy Tales most characters experience their journey 3 times. Cinderella goes to the ball three times, Little Red Riding Hood visits her grandmother 3 times ( and steps off the path and into her sexual awakening), Rapunzel lets down her hair three times and Jack climbs the beanstalk three times. The last midnight is the characters last chance to either have a happy ending or face the consequences of their wish which is typically linked to cheating, greed, theft and other lessons that humans try to teach their children about. In this song, the witch tells the cast that there's no more time, no more wishes it's the last midnight. Pull it together or you won't have your happy ending. Work together to defeat the giants in their midst.