These are statements that are not meant to be taken literally, and very similar to idioms.
Example: She said she'd be there on time. Meh, took her about eight years.
This is a statement that is exaggerating the amount of time it took the subject to arrive. She didn't <em>actually </em>take eight years; she maybe was only a few minutes late.
Now, these are not to be confused with similes, which can be <em>very </em>similar depending on the way you use them.
Example of a similar simile (heh): He moves as fast as a cheetah when it comes to getting something he wants.
This can be confused with a hyperbole since it is also exaggerating the speed of the subject. However, a simile is meant to be used as a <em><u /></em><u>comparison</u>, not <em>just </em>an exaggeration. This also applies to metaphors, as they are also comparisons, only lacking "like" or "as".