I have heard the bible referred to as the Living Word.

I looked up the word" living" and the dictionary says ,"having life; being alive;full of life, vigorous, strong; active".

So what that says to me, in my personal opinion, is that the bible is a living document and because of this it changes and its meaning changes as we change. Using parables, as an example, if you read a parable over the course of a year, there will be new things that emerge each time we read it.