The light is burning

The light is burning
 

What is the sense of this expression?
Time is ticking?

I've seen "the light is burning dimly..." or "the light is burning bright" and I take it will have different connotations in different contexts, but is there any specific definition for it?

Is it something like something similar to "make hay while the sun shines"? (La ocasión la pintan calva...)

I think the context is required - I don't think it has a specific meaning on its own.

If someone has a task to complete, 'the light is burning' means 'time is ticking', 'you're wasting time/the day away' or 'make hay while the sun shines'. I've also heard "Daylight's burning."

Ok, thank you both!

Yes, my context indicates the idea of 'time is ticking', it will take the sense in specific contexts, but good to know the "daylight's burning" is also a kind of a set expression...

At any rate... I better hurry up, (I am late, I am late... for a very important date...)

I seem to recall how John Wayne, in the classic movie The Cowboys, used to get everybody up in the morning for a day on the trail, with the line "C'mon boys, we're burnin' daylight!"