Street signs with the upward pointing arrow was for airplanes.
A childhood belief about cars

others believed things like this
- I used to believe that the sky had stop lights and road signs floating about for the airplanes.
— LoonaSM's - My nephew, at around age three, used to say that airplanes trailing white exhaust were "airplanes on strings".— Mojo!
- i used to believe that the no outlet signs meant that noone in that section of the street had electricityAnon
- Having seen enough red octagonal STOP signs in my time, I used to look out for green circular GO signs.— Gary
- I used to think that aeroplanes were called "arrowplanes" because they were shaped like an arrow.— Eduardo
- when i was little, i used to believe that airplanes goes out of space.Anon