Cultural differences always trip me. I spent most of my middle/high school years in the Caribbean and the attitude among guys was that the first orgasm didn't count and was in fact just the start of the session. There was almost a hurry to "pop" the first one so the real fun could begin.
EDIT: It looks like I misunderstood the comment. Derp.
I think he was saying that if the condom pops the fun stops. Presumably because then you're worried about STDs, pregnancy, and so on.
But yes, it is funny that the American sex stereotype of men is that that they finish once, quickly, and are then done. Being in more sex positive spaces, the attitude is closer to "orgasms are nice but not the whole point."