2 lug nuts?

[Rugratman]

Any reason why you can't run two lug nut's on a wheel stud?

The reason I ask, I put new studs in and they are too long. My old stock ones are shorter, My wheels are the chrome Pontiac ralley 2 types, and I have the red tipped lug nuts, They are correct and look great.
I have some chrome regular tapered lug nuts on now, and I put one of my red ones on over it, they look kinda cool.

I need to cut them down, but it's going to be a couple of weeks or so, before I get my cut off tool back from a buddy, and I have 2 show's this weekend.
They won't over tighten will they?
Hopefully not too stupid of a question, but I have never seen anyone do it before, So I thought maybe there was a reason, other then it's not needed.
Bolt in studs, not the knurl type.