A phrase that can either cause fear or hunger - depending on what the listener interprets.
Definition 1:
A movie scene of Peter Parker delivering pizza declaring "Pizza time."
Definition 2:
A phrase declaring you are hungry and want to eat pizza.
Definition 3:
A timed sequence in which you escape a crumbling level in the game Pizza Tower before a floating pizza kills you.
Person 1:
Hey Person 2, I think It's Pizza Time.
Person 2 (a pizza tower fan):
oh god OH FUCK