From how I understand it, a parallax of 0,0 means that the layer will not pan when the scrollx or scrolly positions change. So if an object on that layer is located at 0,0 for example, then it will always be 0,0 pixels from the top left of the viewport regardless of the scrollx,scrolly positions. If the parallax is 50,50, then if the scrollx,scrolly are at 50% (middle of the layout), then the object will appear positioned halfway from the 0,0 origin of the layout and the topleft of viewport. If parallax is 100,100, then it will be at 0,0 of the layout.