The term 'Passes By' can be broken down into three separate words: ELAPSES (7 letters), Goes (4 letters), and OMITS (5 letters). ELAPSES means to slowly pass by or to come to an end, while Goes is a verb meaning to move from one place to another. Lastly, OMITS means to leave out or exclude something. All three words together can be interpreted as the passing of time, with something being left out or excluded along the way.