Jesus Verse by Verse...
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25:1- see on Mt. 13:19.
  Then- Immediately after the judgment, we are told, "the Kingdom...  will be likened unto ten virgins...", the implication being that then we will perceive the truths contained in that parable; only then will we fully  appreciate the result of watchfulness and keeping oil in the lamps. "Then shall ye return, and discern [judge] between the righteous and the wicked"  (Mal. 3:18) is spoken to the "ye" of Malachi 3 (e.g. v. 14) who  refused to repent. God had asked them to repent, but their response was:  "Wherein shall we return?" (Mal. 3:7). But in their final  rejection, they would repent, all too late, and appreciate the basis of the  Lord's condemnation: they will discern the crucial chasm between the  righteous and the wicked, just as "then shall the Kingdom of heaven  be likened unto ten virgins..." (Mt. 25:1). Then, the wicked will  understand the judgments of God. But it is our wisdom to learn and appreciate  them now. The chapter division between Matthew 24 and 25 is unfortunate. The  description of the rejected at the judgment given in Mt. 24:51 is followed  straight on by Matthew 25:1: "Then shall the kingdom of heaven (i.e.  entry into it) be likened unto ten virgins...". This may suggest that  the rejected will have time for reflection - then they will see the  'likeness' between their position and the parable of the virgins.    This parable follows that of the negligent steward who will be rejected at the  judgment (Mt. 24:45), implying that a lack of proper spiritual care by the  elders of the latter-day ecclesias results in the lack of oil in the lamps of  the rejected. 
  If the judgment is in time as we now  know it, we must be judged before Christ is enthroned, i.e. the Kingdom is  established. But Mt. 25 teaches that we will come before Him already  enthroned for judgment. The idea of "meeting" Christ at judgment  employs a Greek phrase which distinctly means to go out to welcome a respected  visitor. Its three Biblical occurrences are all in this context (Acts 28:14,15;  1 Thess. 4:16,17; Mt. 25:6,10). This would suggest that the faithful go out to  meet the Lord and accompany Him to the judgment. But this is rather difficult  to square with the idea of good and bad coming together before the judgment and  being separated from each other there.  It is almost as if these  descriptions are designed to push the thoughtful reader away from seeing the  judgment as occurring in real time! Christ comes with the saints to save Israel  from their enemies. Unless there is a secret coming of Christ to gather and  judge the saints and then he is revealed to the world, this just isn't  possible. And the idea of a secret coming of the Lord of glory just cannot be  reconciled with the clear descriptions of his coming in the NT. The coming of  Christ in glory with the saints with him to establish the Kingdom is the  coming of Christ. Therefore it would be fitting if the whole process of Christ  coming, resurrecting and judging his people, all happens in a moment of time as  we know it. Depending how one reads the Hebrew text of Zech. 14:6,7, this idea  of collapsed time at the Lord's return is Biblical: "It shall come to pass  in that day, that it shall not be clear in some places, and dark in other  places of the world; but the day shall be one, in the knowledge of the Lord,  not day, nor night: but it shall come to pass, that at evening time it shall be  light" (AV mg.). The RVmg. speaks of "the planets shall  contract"- the times and seasons they control would somehow contract. Is.  21:12 RV has a similar idea, again in the context of a judgment day: “The  morning is come and also the night”. This collapsing of time would also explain  why it is impossible to construct a chronology of events in real time for the  coming of Christ; the various prophecies of the last days just don't seem to  fit together in chronological sequence.
Ten virgins- Ten men were required for a synagogue to be formed. The Lord may be consciously subverting this idea, implying that in the new Israel He was creating, the congregations would be comprised of believing individuals, whose gender was unimportant.
Took  their lamps- Gk. ‘they  received’. The same word is used throughout the chapter, also of the servants  receiving their talents (:16,18,20,22,24). 
  Went  forth to meet- Our calling to  the Kingdom is effectively a calling to go and meet the Lord. However, the  parable seems to be specifically about the response of the faithful immediately  prior to the Lord’s coming, once they know He is ‘back’ and must of their own  volition go out to meet Him. This would then follow straight on from the  teaching of chapter 24. The same Greek word translated “meet” is that in 1  Thess. 4:17. The faithful who are alive at the time of Christ’s coming will be  snatched away to “meet” Him. But they will have gone forth to meet Him of their  own volition, and those who delay going to meet Him will not meet Him in that  way.
  25:2 Wise- Dan. 12:3 speaks of “they that be  wise... they that turn many to righteousness”. This group of people are defined  in Dan. 12:10 as “the wise” amongst latter day Israel who are purified and  refined in the latter day time of Jacob’s trouble such as never was for Israel.  The very same phrase occurs in Dan. 11:35, where we read that some of these  wise and understanding ones will perish during “the time of the end... the time  appointed” (RV)- of the three and a half year tribulation? One wonders if the  Lord had these “wise” in mind in His parable of the “wise virgins” of the latter  days. This would all suggest that some amongst Israel will repent and zealously  preach in the last day tribulation, even if it costs them their lives. And Rev.  11 seems to be saying something similar.
Foolish- The Lord uses the same word in saying that we are not to call  anyone ‘foolish’ because it implies that we are condemning them (Mt. 5:22).  Clearly enough, the people of God are divided between those who will be saved,  the wise, and those who will be condemned. But that division will only be apparent  in the last day, and will be made apparent by varying responses to the  knowledge that the Lord has finally come. Likewise the parable of the two  builders shows that the difference between the wise and foolish will only be  apparent when the flood comes, i.e. at the Lord’s return. The foundation they  built is invisible to those around them- nobody can see whether they dug down  through the sand onto the rock, or just built in the sand. 
  25:3 Oil- The ten virgins each having lamps  may connect with the parable of the ten servants each having the talents of the  true knowledge of God (Lk. 19:13). Those who were "wise" had oil  in their lamps; our Lord earlier defined "the wise" as those who  truly obeyed the word (Mt. 7:24). By contrast, the "foolish"  without oil are those who only superficially respond to it (Mt. 7:26). The  parable of the talents following on from that of the oil lamps suggests that  the talents- symbolic of our appreciation and application of the word- are to  be equated with the oil.   Those whose spiritual lamps go out during  the tribulation "took no oil with them" after the first intimation  that the second coming is about to occur (Mt. 25:3). Thus during the delay period  they will rely on the feeling of hope that this intimation gives rather than on  genuine spirituality. These contrasting attitudes are perhaps hinted at by  the wise taking their oil first, then their lamps; whilst the  foolish grabbed their lamps but discounted the need for more oil (Mt.  25:3,4). Thus those who presume too much upon their own personal  worthiness, thinking that they are spiritually in "peace and safety"  (1 Thess. 5:3), fail to properly apply themselves to the oil of the word. 
However, it’s quite likely that the oil has no particular significance. The idea is simply that the foolish take no oil because they are certain they know the day and hour of the bridegroom’s coming; whereas the wise recognize that they do not know the exact day and hour, and therefore act accordingly by taking more oil in case there is a delay. This is exactly the point being made in the Lord’s teaching at the end of chapter 24. Those who are convinced they know the day and hour, for whom the idea of flexibility or delay in the Lord’s purpose is anathema, are in fact those who fall asleep and are caught unprepared.
25:4 The wise took oil… with their lamps- The fact the lamps of the foolish ‘went out’ means that they all had oil in their lamps. The difference was that the wise thought there might well be a delay, and so they took oil with them.
Their vessels- The wise took lamps plus vessels; the foolish only took their lamps. The only other time the Greek word translated “vessels” occurs in the New Testament is also in Matthew and also on the lips of Jesus in a parable, in 13:48. There, the faithful are likened to good fish which the judge casts into “vessels” whilst the bad fish are cast away. The telling paradox is that the wise, those ultimately saved, are those who have “vessels” exactly because they suspect the oil of their own spirituality will not be enough. It is their awareness of their own likelihood of failure which is their salvation. And further, they recognize that the outworking of God’s purpose is changeable- there may be delays, such is His sensitivity to human spirituality. The foolish, by contrast, think that all will be well with them because they accurately know the time of the bridegroom’s coming, and cannot think that their own oil may not be enough. Personal spirituality [oil] is therefore related to our perception of God’s sensitivity and openness.
25:5- see on Mt. 22:9.
  The bridegroom tarried- The same word translated ‘delay’ in 24:48 (see note  there). Without doubt, there is a delay in the Lord’s return. Beyond question,  the fact not all will work out as expected in terms of chronology means that  some will stumble. This is a sober warning to the very many who hold dogmatic  views about the interpretation of end time Bible prophecy. Rev. 10:6 uses a  related word to speak of how there will finally be no more delay. And yet  ‘delay’ is to some extent metaphor- the same word is used in Heb. 10:37 “He  that shall come will come, and will not tarry” (s.w. “tarried”, Mt. 25:5). In  one sense there will be a delay, in another sense there will not be. God on one  hand foreknows all things, and in that sense there is no delay; in another  sense, He does in real terms delay His program in response and sensitivity to  human behaviour. This paradox is at the root of Hab. 2:3, which is being quoted  in Heb. 10:37: “The vision is yet for an appointed time [the Hebrew could mean  ‘Will still not happen for another year / moed / until the next feast / until the time appointed]… though it tarry, wait for  it… it will not tarry”. Despite the delay, it will fulfil, and so it must be  waited for. It tarries in one sense, but in another sense “it will not tarry”. 
Slumbered- The word is used figuratively of ‘delaying’. The only other NT usage is in 2 Pet. 2:3, where it clearly means ‘delaying’: “Their condemnation slumbers not”. Because the bridegroom delayed, so did they. Here again is the Lord’s commentary upon the dangers of assuming a fixed date for His return. Spiritual life grinds to a halt when it is perceived [wrongly] that God’s purpose has ground to a halt. The delay in the Lord’s coming means that there is a delay in the spiritual life of those who waited for Him on a particular day. By slumbering, they were assuming that He too is slumbering. But the God of Israel neither slumbers nor sleeps (Ps. 121:4). David had sworn not to slumber nor sleep until God was enthroned in Zion (Ps. 132:4). Regardless of delays in the program, it is the end result which must ever be kept in view- the coming of the Lord to Zion. The fulfilment of prophecy is not an end in itself, but it is the end result which must be our desire- rather than merely seeing the vindication of our own pet interpretations.
All slumbered and slept- Both wise and foolish "all slumbered and slept". This slumbering can only be seen in a bad light. The exhortation at the end of the parable is to "watch", i.e. to keep awake rather than be sleepy (Mt. 25:13). We have earlier commented on the many parallels between 1 Thess. 5 and Mt. 24 and 25. 1 Thess. 5:2,6,7 speaks of the unworthy in the last days as being surprised by the midnight coming of Christ due to their being asleep. Their being "drunken in the night" (1 Thess. 5:7) matches the similar description of the weak elements of the latter-day ecclesias in Mt. 24:49. And yet 1 Thess. 5 goes on in this context to say that Christ died for us so that whether we wake or sleep, we may be accepted with Him. This is positivism beyond measure; He wants to save even those who slumber. Clearly enough, the very last generation of believers will all be weak, and those of them who shall be saved will only be ‘ready’ because of their own admission of their weakness and lack of oil.
That all the girls should fall asleep whilst awaiting the bridegroom is unusual- an element of unreality in the story. They must have been a pretty unenthusiastic, switched off bunch. And yet immediately we are led by the Lord to pass judgment upon ourselves- which is quite a feature of the parables, e.g. Mt. 21:31; Lk. 7:43 (as it is elsewhere- consider 2 Sam. 12:5; 14:8; 1 Kings 20:40). Note how there is surely a similar element of unreality in the Lord’s description of all those invited to the dinner refusing the invitation (Lk. 14:18,24). Would really nobody respond to such a gracious invitation? This was the obvious question that He begged in the minds of His hearers. The intention being that each hearer would reflect: “Is it I…?”… maybe at least I could respond to the call of the Gospel… Christ's low expectations of us are clearly demonstrated when He told the parables of the weddings. When you put them together, you get this picture: God made the wedding between Christ and us. The invited guests didn't bother coming, for very trivial, mundane reasons that they put in front of the honour of being invited to His wedding. Only tramps and beggars come to it, motivated selfishly by the thought of a free meal (cp. a penny for the day). But we, the bride, aren't ready (although Christ graciously doesn't mention that in the parable), and so He delays to come to the wedding. Back home, His most trusted household servants realize that He's delaying His return, and start to get drunk and beat each other. The excited young bridesmaids lose their enthusiasm and go to sleep. Eventually, the wedding happens, but some of the guests don't bother to turn up in a wedding garment, just in their filthy rags. The impression is clearly this: the whole thing's a mess! Yet this is the marriage of the Son of God to His dearly purchased bride, for whom He died, and lived a life of total self-control. Yet He knew the whole thing would be such a mess. See on Mt. 13:25.
25:6 At midnight- Israel both kept Passover and went through the Red Sea at night. Indeed, it is stressed six times in Ex. 12 that it was “night", and hence Dt. 16:1 reminds them to carefully keep the Passover (i.e. at night), "for... thy God brought thee forth out of Egypt by night". Other latter day prophecies speak of the events of the second coming being at "night": Lot left Sodom in the very early hours of the morning; and it was "at midnight (that) there was a cry made" informing the virgins of their Lord's return (Mt. 25:6). There can be little doubt that the parable is intended to have a specific latter-day application. And yet there is a general application of the parable to all believers who at the time of their baptism have oil in their lamps- which needs continual topping up by our freewill effort. The virgins "took their lamps, and went forth to meet the bridegroom" (Mt. 25:1), but settled down to slumber due to his unexpected delay. Then "at midnight there was a cry made, Behold, the bridegroom cometh; go ye out to meet him" (Mt. 25:6). The whole of the believer's probation should therefore be in the spirit of a journey to the judgment / wedding, believing that Christ is at the door. The 'arising' of the virgins in Mt. 25:7 would then refer to the resurrection.
A cry made- This is surely  representative of some specific indication given to the latter day believers  that the Lord is back and they must now exercise their freewill in going to  meet Him. It may be in the form of a trumpet blast. The book of Revelation  often uses the same word for the ‘crying’ of Angels in their various  proclamations. So this may refer to the “voice of an Archangel” (1 Thess. 4:16)  with which the Lord returns. This great cry also equates with the  "shout" of 1 Thess. 4:17 at the Lord's return and the resurrection.  From this it follows that the faithful will have a separate gathering to  judgment than the unworthy; Christ "shall gather together his elect"  (Mt. 24:31), the unworthy then wish to be with those who have oil, putting  their noses in a Bible for a change, and then come to the judgment. The  wise trim their lamps and go to meet Jesus. The same Greek word translated  'trim' is rendered 'adorned' in Rev. 21:2, concerning the bride of Christ (the  wise virgins) "coming down from God out of Heaven (a literal descent from  the sky, having been snatched away in clouds?), prepared as a bride adorned for her husband" (Rev. 21:2). The intimation that the second coming is  imminent could be due to a number of factors:
  -  The open presence of 'Elijah'.  The cry of the watchman would be in the spirit of the Elijah prophet.
  -  The possible possession of the  miraculous spirit gift by the Elijah ministry.
  -  The onset of active persecution
  -  The Arab domination of Israel
  -  Possibly the appearance of a  literal sign in the heavenly bodies heralding the Lord's coming; the sign of  the Son of man.
The bridegroom comes; go out- “Comes” translates erchomai and “go out” is ex-erchomai. The coming of Christ must be greeted by our ‘coming out’ to meet Him. The idea is that we cannot be merely passive. The whole parable is designed to debunk the idea that we can know the exact date of the Lord’s return, with the implication that we are just waiting for things to happen to us. But God’s purpose involves us having a hand in the outworking of it; He is responsive to our freewill attitudes and decisions. His coming / going out to us cannot just be waited for by us; we have to go out to Him. The virgins had all ‘gone out’ to meet the bridegroom (:1 s.w.), but now they actually go out to meet Him after the delay. And it is the response to how the Lord delays which is effectively the division between wise and foolish, worthy and unworthy.
To meet Him- The same Greek word translated "meet" in Mt. 25:6 concerning the wise virgins going out to "meet" Christ occurs also in 1 Thess. 4:17: "We which are alive and remain shall be caught up... in the clouds to meet the Lord in the air". The picture is therefore presented of the righteous obeying the call of their own volition, and then being confirmed in this by being 'snatched away' to meet Christ in the (literal) air. We will then travel with Christ "in the clouds" (literally) to judgment in Jerusalem. In no way, of course, does this suggestion give countenance to the preposterous Pentecostal doctrine of being 'raptured' into heaven itself. Every alternative interpretation of 1 Thess. 4:17 seems to run into trouble with the phrase "meet the Lord in the air". 1 Thessalonians is not a letter given to figurative language, but rather to the literal facts of the second coming.
25:7 Arose- In the general application of the parable, this invites interpretation as resurrection. But the burden of the parable is clearly specifically for those who live in the last days, those who are “alive and remain” and are called to meet their Lord, but find there is a delay. The more obvious picture, however, is that the call will grab all by surprise, and will lead to them arising and taking stop of their lives, and coming to terms with who they really are. Again, this is relevant to the closing section of the Olivet prophecy- the Lord’s point is that even if they think they know the day and hour of His coming, it will be a shock which can in no way be prepared for. And knowing the day and hour is not the essential thing, but rather being willing to immediately go to Him and leave the things of this world.
Trimmed their lamps- This is the same word translated “garnished” in the Lord’s parable about how response to John the Baptist’s teaching left a house “garnished” (12:44). And his teaching was about Jesus as Christ and the need for repentance and faith in His grace. Those who properly responded to it would be ready for the Lord’s second coming. The whole language of Jesus as bridegroom was surely intended to recall John, for he had used the very same figure for the Lord. The introduction to the Olivet prophecy had noted that the temple was “garnished” (s.w. “trimmed”; Lk. 21:5), and the Lord is surely saying that that was irrelevant, for the true garnishing is of personal preparedness for His coming. The bride herself is to be “adorned [s.w.] for her husband”, the bridegroom (Rev. 21:2).
25:8 Give us of your oil- Those who thought they knew the day and hour  of the Lord’s coming are revealed here as actually having no personal  spirituality. They could have just gone to meet their Lord for joy of wanting  to see Him, throwing themselves upon His grace. A bridegroom wants to see His  bride and would rather see her without some piece of jewelry, than find she  turns up very late. Their request for oil from others indicates they have no  personal love of Him, no personal relationship with Him, and a group mentality  whereby they thought others’ spirituality could count for theirs. All they had  was their conviction that they knew the day and hour of His coming. So it’s no  surprise when finally the Lord tells them “I know you not” (:12). This puts all  obsession about figuring out Bible prophecy into correct perspective. 
  Gone  out- Apparently the "lamps" which the  parable is based upon had to be replenished every 15 minutes or else they went  out.   The "wise" (relative to the foolish, anyway) can  therefore be pictured as dozing for five or 10 minutes, then jolting back into  consciousness and refilling their lamps, while the foolish snored on. This presents  a powerful picture of the frail spirituality which will characterise the  faithful remnant just prior to the second coming. The Lord asks the faithful  remnant to "look up, and lift up your heads" (Lk. 21:28) when the  signs of the last days just begin to come to pass. There seems a  designed connection with this parable of the virgins, spoken only minutes  later: in actual fact, he foresaw that even at His coming, even the  faithful would be sleeping.  Even now our real faith is but as candles in  the wind. There is an urgent need for us each to analyse and appreciate  what real spirituality is, to spotlight the few times and ways in which we show  it, and to work on these. Such self-knowledge and realisation will be  worth its weight in diamonds during the delay period. This said, it will  ultimately be the midnight cry which reveals our true spiritual state to  us. Each virgin arose and with heightened awareness analysed the state of  their oil. The wise will have the faith to quickly prepare themselves to  meet Christ- they "trimmed their lamps", pulling out the burnt  strands in the wick and adding oil. The foolish panic- "Give us of  your oil"!   In that moment it will be evident to all in the  ecclesia who has been wise and who foolish. Those who are spiritually empty  will then realize their folly; the parable even suggests that they  desperately try to associate themselves with those they know to be spiritually  stronger, somehow hoping that they might be covered by their  spirituality. "Our lamps are going out" (Mt. 25:8 R.V.) shows  that they are not totally without oil, but they feel the oil- what faith they  had- ebbing away as the reality of Christ's return and the judgment dawns upon  them.
25:9 Not so; lest there be not enough for us and you- This translation is problematic, as reflected by the way the AV puts “not so” in italics. This has been added in a valiant bid to make the difficult Greek have at least some kind of sense. The idea seems to more accurately be: ‘In any case there is not sufficient for us, let alone for you too’. The only other time arkeo ou occurs it is translated “not sufficient” (Jn. 6:7); and there, the idea is ‘We cannot possibly have sufficient of ourselves, only God’s grace can provide the sufficiency’. As it is translated in most English versions, the sense is somewhat selfish- as if the wise are too concerned for their own acceptance by the bridegroom to worry about anyone else. But I suggest the sense of the original is rather ‘We ourselves hardly have any oil, we are woefully unprepared ourselves, we are going to throw ourselves onto His grace when we meet Him. It’s not about how much oil we have. It’s about loving Him enough and trusting His grace enough to just want to go immediately and be with Him. But if you’re so worried about oil, well, presumably you will have to go and get some- a hard job, in the middle of the night, when the shops are all closed’.
Go- The Greek really means ‘to depart’, and significantly, the very same word is used by the Lord in this same context when condemning people at judgment day in :41: “Depart [s.w. “go”] from Me, you cursed”. So the point is again established that in their response to the news of His return, the rejected have their judgment. They are asked to go and meet Him, but they depart, to try to make themselves prepared by relying upon others [“them that sell”]. Their departing from the Lord was in essence their condemnation, for condemnation is all about departing from the Lord.
Go  rather to them that sell, and buy for yourselves-  This may well be obeyed by the foolish in the form of getting their noses down  to some serious, personal Bible study for a change; or going looking for people who could sell them oil. But  again, they go to others- rather than immediately to the Lord Himself. Hence  His comment in :12 that they do not know Him, and therefore He doesn’t know  them. There is simply a lack of personal relationship with Him, despite their  confidence that they knew the day and hour of His coming. "Go... and  buy" is surely rhetorical- the rejected know it's too late for them to  actually rectify their position, but the process of judgment day  will  show the rejected how it would have been possible to enter the Kingdom.  Likewise the Lord will tell the one talent man: 'Why didn't you, for example,  put the money into the bank...?'. I mentioned under Not so… that the only other  time arkeo ou [“not enough”] occurs  is when the amount of bread required was described as “not sufficient” (Jn.  6:7). The advice to go and buy for  yourselves is also alluding to that same feeding miracle. The lesson then  had been that no amount of bread was enough / sufficient, nor was it possible  to go and buy for oneself- rather must there be total reliance upon God’s grace  in Christ. I feel the allusion or similarity is purposeful, because lack of oil  didn’t have to mean rejection by the Bridegroom. They could simply have thrown  themselves upon His grace. If they were ready and eager to go and meet Him at  any moment, regardless of whether they felt or externally appeared ready, then  this was enough for salvation. And that, really, will be the struggle of every  spiritual heart when we know the Lord has returned; our love for Him and trust  in His grace must be greater than our awareness of our own unworthiness, lack  of preparation and poor external appearance. Those who thought they knew the  day and hour [and we must ever remember that this is the context of the  parable] couldn’t cope with things working out other than they had expected,  needed to run to others for help, rather than to the Lord personally; and had  no sense of His grace nor, in fact, any overpowering desire to simply be with  Him. Rather was their own correctness of expectation the most significant  self-defining issue for them. And it would appear so many ‘Christians’ have  fallen into this trap, becoming obsessed with chronologies of events and  accuracy of prophetic interpretation, at the expense of true spirituality and  direct personal relationship with the Lord.
  Buy for yourselves- Literally, ‘redeem yourselves’. The whole point is that we were bought  / redeemed by the Lord and not by ourselves.
25:10 While they went to buy- There seems no reason to think that the Bridegroom would have rejected them because their lamp was not burning. They could have just gone along anywhere, motivated by the joy that comes from love. But they were too convinced by their need to appear ready externally. I have spoken elsewhere of a collapsing of time [as we understand it] in the period around the Lord’s return and judgment. But let us not think that such collapsing of time only means that what would otherwise take a long time actually takes a short time. It may be that what is in fact a very short time feels like much longer. Thus we read here of the rejected as foolish virgins going to get oil, and it taking so long that the door was shut and they were eternally outside the marriage. In time as we know it, this may just be a momentary desire to have been more filled with the Spirit in the day of opportunity. But the whole process of realising this will feel to them as if it takes a long time to work out.
They  that were ready- “You- be also ready” (24:44) uses  the same word. This parable is the definition of what ‘readiness’ means. The  wise virgins were hardly ready. They fell asleep when they should have stayed  awake; and they recognized that they didn’t really have enough oil. They hadn’t  calculated the day nor hour of their Lord’s return. They were ‘ready’ only in  the sense that they wanted above all to be with their Lord, and this sense was  far stronger than their deep awareness of their own shameful unpreparedness.  But this is what ‘readiness’ is about. 
  Went  in with Him to the wedding- This is another hint that the faithful come with  Jesus to judgment. See Digression With  Jesus to Judgment. The Lord entering into the wedding feast is the exact  picture of His coming in judgment (22:11 “the King came in” s.w. “went in”). But in that same parable, we ‘come in’ to  the wedding feast at our response to the Gospel in this life (22:12 s.w.). The  nature of our initial response is highly significant. “Went in” translates the  same Greek word found in 24:38: “Noah entered  into the ark”. The next comment that “the door was shut” continues that  allusion to the ark. 
The door was shut- The very same words are used in Lk. 11:7 concerning how although the door is shut in this life, yet it can be opened by prayer and beseeching. We as sinners are condemned here and now, the door is shut- but we can repent and pray, and the door shall be opened. But like the shutting of the door of the ark, once this is done at the day of judgment, it is too late. Now is the day to change the verdict, then will be too late.
25:11 Afterward came also- We may be intended to imagine some details of the story. They would have searched for oil sellers in the middle of the night, and finding none, they came without oil to their Lord. I suggested earlier that the issue is readiness, a love for the Lord, rather than having oil; they could have gone immediately and thrown themselves on His grace. But they didn’t do that and chose instead to try to get human help; resulting in their rejection.
The other virgins- If the Lord literally meant ‘the others’, He would have used a Greek word like heteros [or the Aramaic equivalent]. But loipoi definitely has the sense of that or those which remain; it is elsewhere translated “the things which remain” (Rev. 3:2). The foolish virgins are those who remained, those who didn’t go immediately in response to the call. Yet again, attitudes to the Lord’s coming will decide our eternal futures.
Lord, Lord- The Lord had warned that saying “Lord, Lord” would not guarantee “entry” into the Kingdom (7:21). And here He is speaking about exactly such “entry”- the same word is used here in :10 “they that were ready went in with Him to the wedding”. The category in view are those who considered themselves believers, who thought that externally correct forms of address would impress the Lord Jesus. The “Lord, Lord” contingent indeed had “done many wonderful works” (7:22), but they had never known and loved Him. Whilst organized church life is a necessary part of our present experience and the Lord’s intention, the danger is that it can exalt such “works” and public appearances to the point that personal relationship with the Lord is totally eclipsed.
Lk. 13:25 adds the detail that they ‘knocked’. Knocking is sometimes used as a figure for prayer (Mt. 7:7; Lk. 11:7). The basis for these foolish virgins is surely in Prov. 1:28,29: "Then shall they call upon me, but I will not answer... they shall not find me: for that hated knowledge". The foolish virgins realize the need for prayer all too late; they knocked on the door with great zeal, asking for it to be opened; seeking but not finding. They were so convinced they knew the day and hour that prayer for the Lord’s return, and prayer to Him generally, somehow was overlooked or felt to be unnecessary.
Open to us- The foolish virgins, for all their initial spiritual confidence shown by not taking oil with them, lacked that true love for Christ's appearing which enabled the wise to immediately go forth to meet him. This accords with the description of the righteous as opening the door immediately in response to the 'knock' of the second coming (Lk 12:36). "Lord, Lord, open to us" is met with the response "I know you not"; and this connects with an earlier picture of the rejected at judgment day: "Many will say to me in that day, Lord, Lord, have we not... in thy name done many wonderful works? And then will I profess unto them, I never knew you" (Mt. 7:22,23). Thus there is the implication that when the foolish virgins delay their going to meet Christ, they amass a list of "many wonderful works" which they hope will impress their Lord. This would explain the indignation of the rejected at Christ's rebuke of their lack of suitable works (Mt. 25:41-45). These people would probably not have appeared reprobates in this life; works are so impressive to ones' fellow believers. Jesus did not tell this parable about five hookers and five virgins; all of them were 'virgins' in the parable, having an appearance of purity from being in Christ. By contrast, "the wise", whose love for Christ makes them respond immediately to the call, are unconscious of their works of faith (Mt. 25:35-40). "Lord, open to us" is therefore to be read as a confident demand by the unworthy for entry into the Kingdom, based upon trust in their "wonderful works". "I know you not" is paralleled with a lack of oil. The Lord knows His people through their attitude to the oil; whether they have enough or not, or whether they think they do or think they do not, is all so irrelevant. The essence is in wanting the Lord’s return.
25:12 I know you not- Lk. 13:25 adds “From whence you are”, from what nation or ethnicity. They were complete strangers, speaking another language. The intended paradox is in that those who were so confident they knew the day and hour actually did not know it (:13), and did not know Christ. They thought knowing the day and hour was the same as knowing Christ; or at least, they put the two together in their minds as one and the same. But they are not. And that is the point of this parable, which is sandwiched in between warnings that we do not and cannot know the day and hour- but we are invited to know Christ personally.
25:13 Watch therefore- "Let us watch and be sober" (1 Thess. 5:6) matches our Lord's "Watch, therefore" (Mt. 25:13). This command to watch seems to have a conscious connection with the Lord's urgent plea to the sleepy disciples in Gethsemane to "watch and pray" (Mt. 26:38), indicating that they at that time typify the latter day believers; about to fellowship their Lord's sufferings during the tribulation period, confused, failing to see the urgency of the situation. The disciples doubtless started to obey their Lord's command to watch and pray, but then drifted off into sleep. Watching and praying are often associated; a real knowing of God through dynamic prayer is the real way to be watchful for the second coming. The foolish virgins realize this all too late; they knocked on the door with great zeal, asking for it to be opened; seeking but not finding. Knocking is sometimes used as a figure for prayer (Mt. 7:7). The basis for these foolish virgins is surely in Prov. 1:28,29: "Then shall they call upon me, but I will not answer... they shall not find me: for that they hated knowledge".
It cannot be accidental that Matthew's Gospel twice records Christ's plea for us to watch (Mt. 24:42; 25:13); and then goes straight on to describe how in Gethsemane, Christ pleaded with the disciples to join Him in watching and praying, lest they fall to temptation (Mt. 26:38-41). He was evidently deeply, deeply disappointed that they could not share this with Him. Surely the reason for this further mention of watching is to suggest that in the pain of our latter day watching, we will be at one with our suffering Lord in Gethsemane, as He too watched- not "signs of the times", but His own relationship with the Father, desperately seeking strength to carry the cross rather than quit the race.