The Parable of the Ten Virgins. Jewish weddings, in the time of Jesus, often included a procession of the bridegroom to the bride’s home. The attendants, often virgin bridesmaids (virgins probably getting a glimpse of what their own wedding will be like), carried torches to bring light and honor to the bridegroom as he traveled to meet his bride. Often the attendants would have to wait for hours as the families haggled over the dowry for the bride.
The foolish virgins were not chastised so much for their torches going out. Rather, because their torches went out, they brought dishonor to the bridegroom.
The meaning of the parable for us is to not bring disgrace on Christ with our unpreparedness. As Peter said, “15 But in your hearts revere Christ as Lord. Always be prepared to give an answer to everyone who asks you to give the reason for the hope that you have. But do this with gentleness and respect,” (1 Peter 3:15)