Lab "make-up week" is only for people who have MSAF'd or have a valid reason for missing the lab (eg doctor's note, funeral, etc). Sleeping in doesn't qualify as valid. So, you didn't "waste" your MSAF, although if you were legitimately sick you could have gotten a doctor's note instead.
You're not "royally screwed", you just won't get the marks for the physics lab you missed. However, if you continuously sleep in and miss things, you will end up screwing yourself over.
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