The central conceit of this year's Christmas special was that Doctor Who is just as real, and just as unreal, as Santa Claus. In and of itself, I loved this. It was very meta, perfectly true, and extremely productive for bouncing the two mythic traditions off against one another. As the Doctor himself put it, "D'you know what the big problem is in
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If Dr Who is entirely open to interpretation, then whatever any individual viewer wishes to believe is true, for that viewer.
On the other hand, if Dr Who is to be interpreted according to the people who write the stories, then Moffat is the universal source of truth on the episode.
Unless he retcons it in a future episode. In which case _that_ becomes the universal source of truth, until someone retcons _that_.
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"Everything Last Christmas has shown us should signal this, too, was a dream, and one which we never see the Doctor waking up from throughout the entirety of the Christmas special."
I'd say that the bit where he sees Santa at the end of the last seasons is a dream, from which he wakes at the end of the Christmas Episode. How he got from the inside of The TARDIS to the cave he wakes up in is a very good question, to which we do not have an answer, of course. Possibly Santa carried him there, shortly before placing the tangerine in place for the last camera-shot :-)
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I wonder if the biggest problem was, as seems to be rumoured, that it was written as Clara's exit episode and the Coleman changed her mind. It would be rather brilliant as an exit episode, and the ambiguity would be its strength. But as part of an on going story, it's more problematic (and not nearly as emotionally effective).
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I have no idea if she ever intended to leave or not - I'd believe either way.
But looking at the actual comments they made:
"The truth is … I don’t want to tell you the truth because I quite like these rumours. I think it’s really interesting because, suddenly, people don’t know what’s going to happen in the series, people don’t have any idea, so this speculation is quite good. People can now watch the show not knowing if I am or not, and that is quite exciting."
I suspect that the whole thing was started by the production staff/Moffat in order to get more people discussing it and tuning in!
http://screenrant.com/doctor-who-season-8-clara-leaving-jenna-coleman/
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Personally, I believe that Shona and the others were real, and probably just people the Doctor has either met or will prety soon already in the show. And that this is all a part of his subconscious wanting Clara there and to go on wild adventures with her.
The thing I questioned the most about this episode though is the dream crabs themselves. These things are eating brains while the victim sleeps. How come there isn't one single hint of any form of brain damamge to 'them' once 'they' wake up?
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I favour option 3 but, like you, what I think will actually happen is your implied option 4, that Moffat will just not resolve this, in the same way he’s not resolved lots and lots of other stuff.
And that makes Doctor Who more like a tableau vivant or an art installation than a story.
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Yes, a very good way of putting it. Sadly, to me at least, it makes for unsatisfying drama.
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