When I was younger, like many people, I thought of all-nighters as a thing to brag about. Now, I see sleep deprivation as a serious health debt that you pay nosebleed compound interest rates on. If you get less than your preferred amount of sleep, everyday living can become more complicated. Simple tasks can become dangerous. Do not walk down stairs without holding the hand rail if you are tired! Also, my sleep track…
When i was HS living out in the countryside of North Texas the father of a friend of mine would take me hunting and target shooting a lot. He said he did an experiment once where he shot 3 groups of 5 shots then measured his precision and accuracy. Next, he drank a beer (i know, not the wisest thing to do) then repeated the shooting exercise. He did this for a few iterations and his conclusion was that it didn't matter that he didn't feel the effects of the alcohol right away, his shooting steadily declined on each iteration.
I think sleep is the same way, whether or not you immediately notice you're not getting enough sleep your performance steadily declines.