Look at that sky

This is a mysterious film I think should be viewed as an allegory or dream story. The film's repeated reference to blue water and blue sky, coupled with the close up shots of Ned's sparkling blue eyes suggest that each pool he dives into signifies his immersion into a portion of his subconscious. Eyes are symbolic of consciousness, and after all are the "windows to the soul." Carrying that theory one step further, the town he is journeying through is immersed in the azure radiance of a cloudless Summer day; almost as if the sky is flooded and we are peering through crystal blue depths. So the entire town -and therefore the film- is a personification of Ned's memories, dreams, thoughts, emotions, and relationships. Where is Ned having this dream from? Perhaps he's asleep, or in an asylum, or in his office, or in jail, or on a trip, or with a new wife, or maybe he is on his death bed and sparks of recollection are flashing back into his consciousness before he makes the final transition. Where he is in actuality doesn't really matter because the whole film takes place inside of Ned- in his mind, soul, pineal gland or somewhere in between.