That saying means that time elapses so fast it is like an arrow which flies through the air at a fast rate of speed. But, I believe that saying has a second part to it which is "fruit flies like a banana." It is supposed to be a play on words, because flies in the first part is a verb and flies in the second part is a noun.
...from the audience.
Well, I heard of time flies like an arrow, fruit flies like a banana. This is a pun meaning a fruit fly likes bananas.
Time flies like an arrow and fruit flies like a banana. (Also available in the more sedate "As slippery as a banana" and incorrectly as "He was like bananas when I told him...")
I Believe it was Groucho Marx although it's been used by many others since Bery Bery Funny
nopee there is not a proverb
Time flies like an arrow. Fruit flies like a banana. Parallel structure is when the sentence is basically the same with different words. The structure of the sentence is the same in both cases. The words of the sentence may be different in both cases.
The Pits?! A Banana
The proverb "life is like a wheel, sometimes you are on top and sometimes you are on the bottom" is credited to the Filipino culture. The proverb is called a salawikain in the Philipinnes.
a fry of fish
It does now. Not as a proverb or an expression, though. It is simply an image.
Midday
The quote "There's no time like the present" is a well-known English proverb, meaning that the best time to do something is now rather than waiting for the future. The origin of the phrase is unclear, but it has been used in various forms of literature and speeches over the years.