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.
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 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.
The Pits?! A Banana
a fry of fish
It does now. Not as a proverb or an expression, though. It is simply an image.
Midday
The phrase "there is no time like the present" is an old English proverb, meaning that the current moment is the best time to act or do something. It is often attributed to Robert H. Smith, an American journalist and educator, who popularized it in the 19th century.
You have to understand the Chinese proverb first before you can get an answer. Chinese proverbs are almost like idioms, and unless you understand the meaning of them, you cannot deduce an answer from them.