This paper deals with a version of the two-timing method which describes various 'slow' effects caused by externally imposed 'fast' oscillations. Such small oscillations are often called vibrations and the research area can be referred as vibrodynamics. The basic small parameter represents the ratio of two time-scales; it appears in equations as a regular perturbation. We focus our study on the usually hidden aspects of the two-timing method such as the uniqueness or multiplicity of distinguished limits (DLs) and universal structures of averaged equations. The equations considered represent a generic system of first order ODEs, containing a prescribed oscillating velocity u, given as a function of a general analytic form. The derived dimensionless form of these equations contains two scaling parameters, and proper connections between them lead to the existence of asymptotic solutions. The main result is the demonstration that there are two (and only two) different DLs called DL-1 and DL-2. Calculations show the existence of the closed systems of equations for the first three successive approximations, and indicate that an infinite number of such closed equations are available. It is remarkable that these equations possess universal structures, containing a quadratic in u averaged function called the drift velocity V 2 , which we require to be not nonzero. DL-2 produces a closed averaged system of equations in the zeroth approximation that always represents the main aim in applications. In DL-1, the averaged equations of the zeroth approximation formally coincide with the original system, while the first approximation exhibits a similarity with a linearized version of the previous equation; however it is drastically different, since V 2 appears as its nonhomogeneous 'driving' term. Possible generalizations and interpretations of drift velocities are briefly discussed. To illustrate the broadness of our study, two examples from mathematical biology are shown. The paper is accessible for students in applied mathematics and physics.