I'm guessing it means the writer had a good time and time seemed to go very quickly.
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Heard recently to describe the first of the 2020 election debates.
I thought that it was another way to say, "That's messed up."
You can not trip while on the wing, it was a mistake/a contrary simile, by the author. so my English teacher said.
As for it's poetic value, yes it wins some kudos.