The quote suggests that time is cyclical, much like a ring, indicating that events may repeat or connect in unexpected ways. In the context of "Lovecraft's Monsters," this concept of time could reflect the nature of the stories within, where past horrors and cosmic themes recur, creating a sense of inevitability. The imagery of a contracting ring also implies tension and pressure, possibly relating to the experiences characters face as they confront their fears.

Belphegor, often associated with sloth and wealth, adds a layer of darkness to the idea of time, suggesting that the passage can be both constrictive and daunting. The quote encapsulates how time might shape our interactions with monstrous elements within the story, where the tightening of the ring symbolizes the growing impact of these encounters on characters’ lives. It evokes a sense of urgency and the inescapable nature of fate in the face of supernatural forces.