Homogeneous uniaxial extensional flow of a viscoelastic fluid, namely, the partially extending strand convection model combined with a Newtonian solvent, is investigated for large relaxation time. Initial value problems are addressed, for prescribed constant tensile stress. The limit of large relaxation time introduces a slow time scale of evolution, in addition to a fast time scale for flow. Numerical solutions of the original equations show distinct stages of evolution, which are mathematically analyzed with asymptotic analyses for multiple time scales. We discuss the stages of evolution from equilibrium, as well as unloading the applied stress from a yielded solution. The overall picture which emerges captures a number of features which are usually associated with thixotropic yield stress fluids, such as delayed yielding, and hysteresis for up and down stress ramping. Even at large applied tensile stress, there is persistence of an interval of parameters where the deformation rate increases quickly, only after a delayed response.