When those cards are anywhere else (in your hand, your deck, your discard pile, or as your Prize cards), each card is treated as one separate card
One can argue Liliana, the Last Hope is a good example of how to do it if you want to do it, having card advantage both on her plus (in the form of removal) and minus (see also, domri rade), but both being restricted in what they can target or when they can be activated safely, while Teferi, Time Raveler is a bad example, having a minus thats unconditional card draw AND half a removal, and the right choice to pick in 95% of situations
Then play returns to the Main Phase, where the current player can perform further actions until they cannot, or do not want to, perform any more
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Parallel Lives works in a variety of decks that make creature tokens, and among all tribal decks, the Elf tribe needs Parallel Lives the most