Well this topic has managed to extrude further than it's original intended route. Lets see what I can add, Which might mirror that of others, but similarity just adds to a more conclusive image.
Time is just a measurement, it doesn't have weight, it doesn't have resting mass. It's something we use to define other things like speed or distance, and without this measurement our lives would still be bound to something that involved "Timing".
When the discussion moves towards "Spacetime" it gets difficult to explain, but I shall try my best.
Firstly, understand that Space is Multidimensional, due to it being void of matter (Admittedly not Zero-point energy) it can allow numbers of dimensions that people can't percieve (well most people).
For an explaination of such dimensional "folding" the following is an attempt for an easy Spacetime translation.
*Take a metre long piece of string, and at one end you wiggle it, so that a wave carries right down the string.
The string has Three dimensions, it's width, Height and Length.
When you wave the string, at one given instance "Time" the string is located in once spacial positioning, and in the next instance it's located somewhere else.
It's possible to increase the dimensions that the string exists in, but this involves folding the string in two. The understanding then is that the first end that was being shook, continues being shook, and the other end is also shook, but at a different time.
This causes a 9 dimensional setup, and can be percieved as basis for "Relativity" (Of course the string can be folded many more times and it's ends and bends can be located anywhere within (spacetime).*
[I personally prefer one of Eschars Paintings for a Relativity diagram, one with stairs that lead in every direction on the floors, walls and ceiling of a room.]
I wish it could be explained more simply.
Spacetime was mentioned in one descriptive piece as light being measured not just as it travels to bounce off a wall, but during it's return so as to get an idea of an objects distance.