You tell yourself, "Just 5 minutes!" while studying.
You pick up your phone, and suddenly it’s 2 AM. Oops!
In the Distracted Boyfriend meme, the boyfriend represents the intent to study, the girlfriend is the phone, and the girl in the background is the clock showing 2 AM. In the Two-button meme, one button could be labeled 'Study' and the other 'Scroll on Phone'. Expressions are shocked and wide-eyed, emphasizing the surprise of time lost.
