One interpretation of the beginning footage in the trailer is that it’s showing the events in an alternate timeline. Cloud is missing from the group of Avalanche members’ bodies recovered by Shinra, seemingly after their attempt to break out of the headquarters or potentially during a routine reactor bombing mission. The fact that the spikey-haired hero is missing has some fans wondering if the footage is a brief look at a Final Fantasy VII timeline where he never made it to Midgar, or perhaps one where he joins Sephiroth instead of fighting him at the end of Final Fantasy VII Remake.

Another theory is that the footage is made-up altogether. We don’t actually see direct shots of the Avalanche members’ bodies. Instead it’s through the eyes of Shinra TV, an organization with a clear and documented history of fake news and propaganda. It’s possible the footage is just showing how Shinra will eventually try to cover up the team’s headquarters rampage and ensuing car chase to keep the residents of Midgar calm and in the dark.

The trailer gives us our first look at a Chocobo out in the wild at the farm where players were eventually able to breed them in the original game. It’s unclear if that mechanic will be saved for the final game in the remake trilogy, or if players will get the chance to breed a Gold Chocobo in Rebirth and even take it to race it at the Gold Saucer. I can only imagine how many hours I’ll be spending on the Chocobo tracks if that’s the case.

The Turks are on the chase again and Elena is their newest member. The reckless recruit is as much of a punk as ever in the new trailer. She has a crush on Tseng, the leader of the Turks, and her antics with Rude and the rest will no doubt spawn an endless number of memes. Her cameo in the trailer is already leading to a ton of fan art.

Ho Ho Hooo! Bugenhagen has made the jump to PS5 as well and the Cosmo Canyon elder looks glorious. Red XIII’s surrogate grandfather can be heard explaining how the planet relies on the Lifestream to exist, and he still doesn’t have legs and floats around instead. One of the game’s most beloved and strange-looking characters in his original 32-bit form, the glow up is real and players are loving it.

The Shinra airship doesn’t get a moment to shine in the trailer, but it can be seen in the background of the initial shot of the seaside military base Juno. It might end up that only in the trilogy’s final game will players get to step inside and take the reins over for themselves, but in the meantime the Highwind is already getting fans excited for when that moment comes.

“I saw you lying there. I figured it was too late,” Cloud said in the first Rebirth trailer. “Wait, what are you implying? That I died? That I’m some kind of imposter?” responded Tifa. In the new trailer Sephiroth says, “You know that I killed her, so who is she?” This has fans wondering if the Tifa we know from Remake is actually a clone, or a version of Jenova, Sephiroth’s mutant alien half-mom. It’s possible that the developers are just building intrigue by how the dialogue is framed, or maybe it’s laying the groundwork for a radically different outcome to the rest of Final Fantasy VII Rebirth’s story.

This all culminates in what would be the weirdest twist of all: Aerith not dying in the remake trilogy. The dream of saving Final Fantasy VII’s iconic flower girl is as old as the game itself, with urban legends that an option to stop Sephiroth from killing her or bring her back to life were hidden inside the game or cut at the last minute. If Tifa, or at least the original version of her, was killed at some point, maybe it implies that Aerith will live instead, or that Cloud will have the option to choose between different timelines where one set of tragic events is replaced with another. Or maybe this is all just the same type of wishful thinking Final Fantasy VII fans have been using to cope since the game came out. We’ll see what answers Rebirth provides when it arrives early next year. For now it’s fun to believe anything’s possible.

Kotaku is covering everything Summer Game Fest, from the main show on Thursday to other events happening throughout the next week. Whether you’re into larger-than-life triple-A games or intimate, offbeat indies, you can keep up with all things SGF here.