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I'm looking for idioms along the lines of "milk it"

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    Carpe diem, Latin for 'seize the day', is the classic one. BTW, it's not an idiom; it's a phrase in another language. Dec 7, 2016 at 16:37
  • Also, strike while the iron is hot.
    – Lawrence
    Dec 7, 2016 at 16:39
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    Milk it for all it is worth, as you have hinted at.
    – Mick
    Dec 7, 2016 at 17:06

2 Answers 2

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When you are taking advantage of an opportunity to the fullest, you are making the most of it.

TFD(idioms):

make the most of something
to use or enjoy something as much as possible
We're only in Paris for a day so let's make the most of it

Cambridge Dictionary of American Idioms Copyright © Cambridge University Press 2003. Reproduced with permission.

make the most of something
to take full advantage of something because it may not last long
Make the most of the good weather because rain is forecast for tomorrow.

Cambridge Idioms Dictionary, 2nd ed. Copyright © Cambridge University Press 2006. Reproduced with permission.

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How about 'take advantage of' a situation? 'Suck the life out of it'...

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