In "The Outlaws of Sherwood," the mention of a "golden arrow" raises questions about its significance and practical use. The characters contemplate the absurdity of such an object, questioning what purpose it could serve in their lives. The suggestion to give it to Alan for a lute string adds a touch of humor, highlighting the whimsical nature of their discussion.

The protagonist humorously imagines wearing the arrow as a necklace, which would be uncomfortable and impractical. This reflects a theme of the story, where the characters often find themselves in lighthearted situations that reveal their camaraderie and a sense of absurdity in their adventures. The dialogue captures the blend of seriousness and levity inherent in their lives as outlaws.