Answer:
preparing dinner
object of a preposition
Explanation:
In <em>very simple words</em>, gerunds are nouns (that end in -ing). As nouns, they can function as subjects and objects depending on their position in the sentence.
This is just a sentence. You could add some meaning behind it, and make it a proverb yourself, but it really is just a sentence. Good luck!
Its being explained in the sentence