Okay conspiracy theory here for cellar letters (I’m only on ep 24 btw)
Maybe instead of a creepy eldritch? horror following Steve and Nate (by the way WHERE HAS STEVE GONE, NOT HEARD HIS GOOFY ASS FOR LIKE 4 EPISODES) are just having water fights (or engaging in other water related activities) and they just have early onset dementia so they forget it all.
Its not evil basement dwellers its just their terrible memory.
Conspiracy 2
Is that they have deep rotted internalised homophobia and they are secretly in love with each other but their brain blocks it out due to whatever trauma they have.
Is it
Creepy stalkerish eldritch horror
Internalised homophobia manifesting in sleep paralysis














