We show how molecular clouds in the solar neighborhood might be formed and
produce stars rapidly enough to explain stellar population ages, building o
n results from numerical simulations of the turbulent interstellar medium a
nd general considerations of molecular gas formation. Observations of both
star-forming regions and young, gas-free stellar associations indicate that
most nearby molecular clouds form stars only over a short time span before
dispersal; large-scale flows in the diffuse interstellar medium have the p
otential for forming clouds sufficiently rapidly and for producing stellar
populations with ages much less than the lateral crossing times of their ho
st molecular clouds. We identify four important factors for understanding r
apid star formation and short cloud lifetimes. First, much of the accumulat
ion and dispersal of clouds near the solar circle might occur in the atomic
phase; only the high-density portion of a cloud's life cycle is spent in t
he molecular phase, thus helping to limit molecular cloud "lifetimes." Seco
nd, once a cloud achieves a high enough column density to form H-2 and CO,
gravitational forces become larger than typical interstellar pressure force
s; thus, star formation can follow rapidly upon molecular gas formation and
turbulent dissipation in limited areas of each cloud complex. Third, typic
al magnetic fields are not strong enough to prevent rapid cloud formation a
nd gravitational collapse. Fourth, rapid dispersal of gas by newly formed s
tars, passing shock waves, and reduction of shielding by a small expansion
of the cloud after the first events of star formation might limit the lengt
h of the star formation epoch and the lifetime of a cloud in its molecular
state. This picture emphasizes the importance of large-scale boundary condi
tions for understanding molecular cloud formation and implies that star for
mation is a highly dynamic, rather than quasi-static, process and that the
low Galactic star formation rate is due to low efficiency rather than slowe
d collapse in local regions.