Reddit’s Wildest 'Squid Game' Theories Explained — From Gi-Hun to Il-Nam

Squid Game’s gripping drama isn’t just about deadly childhood games — it’s also a playground for some of the wildest fan theories you’ll ever see. With Season 3 dropping on June 27, 2025, fans are buzzing harder than ever, piecing together clues, secrets, and hidden messages that might change everything you thought you knew.

So, buckle up. Here are the freshest, most jaw-dropping theories fans are obsessing over on Reddit — and they might change everything you thought you knew.

Player 222’s Unborn Child Is Il-Nam’s Secret Legacy

You heard that right — the baby Player 222 is carrying could be none other than Oh Il-Nam’s heir, set to carry on his mysterious legacy. Fans noticed the triple-two number popping up like a cryptic signature, and some are convinced this kid is the next big player, maybe even the future Front Man or a VIP in disguise. Creepy and clever, right?

As Reddit okbuddygganbu user put it: "The number 222 can’t be a coincidence — it’s like a secret code for Il-Nam’s bloodline continuing. Imagine if the baby ends up running the whole game someday."

The Guards Are Actually Former Winners

Here’s a spine-tingler: those intimidating masked guards? They might be the survivors of previous games, now trapped in a cruel cycle as enforcers. Imagine winning once, only to be forced to police the horrors you barely escaped. It adds a chilling layer of tragedy to the whole setup — survivors becoming the villains.

One Redditor nailed it: "It makes sense — who else would be so committed and skilled? Plus, it adds a sick twist that survivors become part of the nightmare."

Gi-Hun and Il-Nam Are Father and Son

This one messes with your head. Fans spotted moments hinting that Seong Gi-Hun and Oh Il-Nam share more than just a game — possibly a secret family bond. Shared memories, subtle gestures, and an emotional connection that feels deeper than friendship. If true, this revelation would rewrite the story’s emotional core.

A fan wrote: "When you look back, their interactions have this weird emotional depth that feels like father and son. Mind blown."

Squid Game Is a Global Operation

Think the deadly games only happen in Korea? Think again. Some fans theorize that Squid Game is just the tip of the iceberg — a sinister, worldwide phenomenon. Similar games might be running in other countries, expanding the scale and the horror far beyond what we’ve seen.

Check this out: "If Squid Game is global, just imagine what other horrors are going on in other countries. This could be a whole franchise."

Gi-Hun Is Destined to Become the Next Front Man

After all he’s been through, could Gi-Hun be stepping into the Front Man’s shoes? Fans say yes. His journey from desperate player to someone who understands the game’s cruel mechanics perfectly sets him up as the next master of ceremonies — a tragic twist that would be both poetic and terrifying.

Futurefrontman sums it up: "The way Gi-Hun changed from player to potential leader — you just know he’s stepping into the Front Man’s shoes next season."

These theories don’t just fill the gaps — they rewire how we see Squid Game entirely. With Season 3 just around the corner, one thing’s certain: fans aren’t just watching the game, they’re playing their own.