Ok, now we're cooking with gas! I like "twice as fast" and "single pass" quite a bit, and I'm not wedded to the separate line idea; in fact, the columns makes even more sense.
So, combining this with Damien's time conversion, I've got:
sourcetype=proxy ip=192.168.1.1 | eval time=strftime(_time, "%d/%m/%y %H:%M:%S") | stats earliest(time) as start, latest(time) as stop by user,ip
I like it. Now, question, would this work as efficiently:
192.168.1.1 sourcetype=proxy | eval time=strftime(_time, "%d/%m/%y %H:%M:%S") | stats earliest(time) as start, latest(time) as stop by user,ip
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