In the title
喻 means 'to illustrate' and
老 is
老子, not 'old'. With the chapter before it,
解老 'Explaining Laozi', it is the oldest surviving commentary on the
道德经: here each saying is matched with a story, such as the doctor
扁鹊 warning Duke Huan of Cai that his illness was moving from the skin to the marrow, or a dike of a thousand feet breached by an ant hole, for dealing with a difficulty while it is still small.