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Presenting: An over thought theory (that'll probably be debunked next episode) to talk about my goat
The Inadequacy Of A False Hero
We know he has imposter syndrome an after over analysing his dialogue, it sticks out for why he saved Homelander, the credibility to say "I saved someone".
It sounds stupid until you contextualise Soldier Boys character arc. Not wanting to buy the "bc fuck them" reason i thought "why would he save an evil delusional supe" (besides that evil delusional supe being his son) an the reason that stuck most to me was: To be the 'Hero' when all hell cuts loose. He didn't do it to save Homelander, but those he threatens.
Whether he lives or dies doesn't matter, it's either the sacrifice play (dying being something he's already made peace with end of ep 4) or he wins (which is unlikely, im just trying to justify the reasoning from his POV), both conveniently reinforce the idea that his immortality wasn't wasted (least in the end)
A "Homelander Found Dead" article, regardless of how its spun, unless of natural causes (which they'd never do, not Homelander) would be a hassle to explain away if he carried it out with Marathon (sure he didnt give af in S3 but shh). Assassination? Ambush? The strongest supe how? Why/who/how many blah blah, no one benefits from Homelander dying quietly like that, to the people that want to out him anyway, he'd just be remembered as a hero instead of the diabolical twat he is.
However when he snaps and the world is your stage? Then everyone will see who the "real hero" is.
I'm not sure if he's fully on board with giving Homelander V1 rn, but I am leaning toward yes, as I think he wants to fight Homelander at his best, Because "a real man wouldn't have cheated", which is what the ambush at Marathons could be seen as, cheating.
>I'm not gonna waste my immortality
I still believe Soldier Boy can't stand Homelander. Saving & helping him get V1 seems (and from our pov, is) counter-intuitive, but pettiness resides within us all an I think its a front. giving Homelander his immortality just to take it away would be the biggest fuck you he could give Homelander.
But that's just a theory, a game theory. Annnnd cut