Are there any theories that you find make a work of fiction a lot of fun to experience a second time? Or maybe you like to make theories yourself!
As for me, I like the theory that Edea's ice attack actually kills Squall at the end of Disc 1, and everything after that is all some weird limbo dream. Even R = U is pretty interesting! Of course I don't think these are canon, but pretending they are gives the story a whole new experience (which is pretty hard to do during your eighth time through the game).
For theories I actually believe, "'James Bond' is just a code name" comes pretty close.
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