The phrase "exciting time" refers to a period or occasion that is characterized by enthusiasm, stimulation and anticipation. It suggests that something new, interesting or significant is happening which generates excitement and interest among people. This could be in the form of an event, project, opportunity or discovery that has the potential to bring about change or provide pleasure and enjoyment. The phrase can also imply a period of growth, progress or development where there are many opportunities for advancement and success. Overall, it is a positive and optimistic term used to describe a time filled with energy, enthusiasm and anticipation.