Squid Game Season 3 Finale Explained

WatchMojo

The curtain falls on Squid Game's thrilling conclusion! Join us as we unravel all the shocking twists from the series finale. From Gi-hun's ultimate sacrifice to the Front Man's mysterious journey to Los Angeles, we break down every pivotal moment and reveal what it all means for the future of the games and our surviving characters.

Transcript

00:00Looks like 3-3-3-S found the safest and surest way to win this game.

00:04This is a hard choice for 4-5-6.

00:05Protect that baby and my mommy!

00:08Welcome to WatchMojo, and today we're taking a deep dive into the final episode of Squid Game.

00:13It goes without saying, but there will be tons of spoilers ahead for the Season 3 finale.

00:17Season 3 of Squid Game picked up right where we left off,

00:30after Gi-hun's failed rebellion and Jung-bae's ruthless execution at the hands of In-ho,

00:35better known as the frontman.

00:36After Season 2, everyone was speculating whether or not Gi-hun figured out that In-ho was the frontman,

00:51and we eventually learned that the answer to that question is a resounding no.

00:55Near the end of the 4th episode, 222,

01:07the frontman tries to make Gi-hun a deal for the good of Jun-hee's baby,

01:10taking off his mask and revealing the truth.

01:13Enraged, Gi-hun nearly kills In-ho like he murdered Tae-ho during Hide-and-seek,

01:17but he can't do it.

01:18He also falters when In-ho tries to goad him into killing the other finalists,

01:22imagining Kang Sae-byeok, who you'll remember was the third finalist in Season 1,

01:27telling him not to stoop to In-ho's level.

01:38From this point on, it's a battle between Gi-hun and the others over Jun-hee's baby,

01:43who is made the new Player 2-22 in her mother's place after Jun-hee's sacrifice during Jump Rope.

01:52My father told me that he was the most cold-blooded of all the participants.

02:07The final episode sees our survivors jostling to be the last left alive,

02:11conspiring on how to best kill Gi-hun and 2-22 so that they can take the money for themselves.

02:16Predictably, their alliance falls apart,

02:28while Myung-ji switches sides to protect the baby when it becomes clear that Gi-hun won't give her up.

02:33In the end, Myung-ji and Gi-hun both fall from the podium.

02:36With Myung-ji perishing when the jackets tear, Gi-hun is unable to save him.

02:41In the background, it's become clearer and clearer that the frontman's philosophy about people being trash

03:00for constantly choosing to take part in the games falls apart when faced with the innocent baby,

03:05who, unlike everybody else, didn't choose to be there.

03:08But, as we already said, Gi-hun couldn't bring himself to kill the others in their sleep before the final game,

03:26even though they were all doomed anyway.

03:28The final tragedy is that Gi-hun also takes his own life,

03:40after turning to the camera and assuring the audience of his own humanity,

03:44leaving 2-22 the winner with billions of won, but nobody in the world.

03:49Nobody except the frontman, that is.

03:51Meanwhile, Hwang Joon-ho has finally reached the island,

04:02while Kang No-ul has returned after saving the life of Gyeong-suk,

04:05the father of the seriously ill girl she met in Season 2 while working in the theme park.

04:10Gyeong-suk is rescued by the boat after they finally figure out that Captain Pak is on the game's payroll

04:14and can't be trusted,

04:15while No-ul goes toe-to-toe with the officer to erase all traces of Gyeong-suk

04:20so that the game's organizers can't harm him.

04:28She also very nearly takes her own life,

04:32but at the last moment,

04:33hears 2-22 crying in the arena and manages to escape.

04:37Now, the frontman has laid explosives,

04:39and they're primed to detonate within 30 minutes.

04:45In-ho makes it inside the facility,

04:53but isn't able to get answers or closure from In-ho because he's taken 2-22.

05:07Joon-ho doesn't want to risk hurting the baby,

05:10so In-ho gets away.

05:11The VIPs are also nowhere to be seen.

05:14The entire island explodes while Giyun lies dead on the floor,

05:18and we get a 6-month time skip.

05:20Woo-suk is released from prison,

05:22joining Joon-ho,

05:23who says that all the cash Giyun was keeping in his motel has mysteriously disappeared.

05:33No-ul visits Gyeong-suk at the theme park and meets his daughter again,

05:37who's thankfully on the road to recovery.

05:39And then she gets the call she's been waiting for.

05:42Her daughter,

05:43whom she had to leave behind when her husband was executed

05:46and she had to flee North Korea,

05:48might be alive and living in China.

05:52At the same time as No-ul is departing,

05:57we get the resolution of another old plot point.

06:00Kang Se-byuk's mother arrives,

06:01finally reunited with Cheol.

06:03The brother Se-byuk was so desperate to protect

06:06after also escaping North Korea.

06:12But what happened to the frontman?

06:14As he explains to Giyun earlier,

06:17there's no point killing him

06:18because even with him gone,

06:19the gamers will only continue.

06:21They started long before he won them, after all.

06:24We find out that he's alive

06:33and has traveled all the way to Los Angeles,

06:36where he locates Giyun's estranged daughter Gah-young.

06:38She insists that she doesn't want to speak to her father anymore,

06:52only for In-ho to reveal that Giyun has died

06:54and he's bringing her his personal effects.

06:58He gives her Giyun's bloody tracksuit,

07:01somewhat bizarrely,

07:02but also a bank card with what's left of Giyun's fortune on it.

07:05So we can safely assume that the frontman knew

07:08where Giyun was living this entire time

07:10and took the money to deliver it to Gah-young.

07:12And finally, what about 2-22?

07:14Though the baby remains nameless,

07:16after the time skip,

07:18Joon-ho returns home to find 2-22

07:20safely swaddled in his apartment,

07:22along with another bank card,

07:24this one containing her winnings from the games.

07:26It seems that Joon-ho is now going to be her guardian,

07:29since both Myung-ji and Joon-hee have died.

07:31But back in LA,

07:32there's one final scene that raises more questions than answers.

07:36While driving in his SUV,

07:38the frontman stops,

07:39rolls down the window,

07:40and observes a man playing Dachy with a mysterious woman.

07:49That woman turns around

07:51and reveals that she's none other than Cate Blanchett

07:53in a cameo role.

07:54She and In-ho lock eyes,

08:02and he forlornly looks away while she keeps playing.

08:05It's unspoken that she knows what she's doing,

08:07but equally,

08:08he seems to be disillusioned with the games

08:10and Giyun's choice to die

08:12rather than hurt the baby and take the money.

08:14Because of Giyun,

08:15every single person who chose to be in those games

08:18died with nothing,

08:19and the only person who didn't choose it,

08:21the only person who isn't trashed by the frontman's logic

08:24has won.

08:25And perhaps Giyun thought he didn't deserve to live anymore

08:28after what he did to Dae-ho,

08:29whose failure was born from fear rather than malice.

08:38Since some comments all the way back in Season 1, though,

08:41when we were first introduced to the VIPs,

08:43people have been dying to know

08:44whether the games really do exist in other countries.

08:47The games this edition have been amazing.

08:50Right.

08:50The contest in Korea was the best.

08:55Cate Blanchett's appearance proves that yes, they do,

08:58even in America,

08:59the richest country in the world.

09:01And considering the other VIPs got away,

09:04the frontman's claim that the games will continue regardless

09:06seems to be entirely true.

09:17They likely even have enough money

09:21to rebuild in South Korea

09:22on one of the many other empty islands Joon-ho searched.

09:26Before we continue,

09:27be sure to subscribe to our channel

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09:31You have the option to be notified

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09:35If you're on your phone,

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09:38and switch on notifications.

09:39But with Gi-hun's last words,

09:44humans are,

09:45ringing in our ears,

09:46what do you think?

09:47Are humans inherently good

09:49and worth saving as Gi-hun believes?

09:50Or are they inherently selfish and cruel

09:53like the frontman thinks?

09:54It's this conflict

10:10that's central to Squid Game.

10:12And ultimately,

10:13you have to make your own decision

10:14about what humans are and aren't.

10:17He fails to stop the games,

10:18but was he wrong to try?

10:20Was he wrong to die

10:21for what he believed in

10:22and give 222 a better life?

10:24And will Netflix use its power

10:26over the Squid Game IP

10:27to make international spin-offs,

10:29since it's Netflix

10:30and not creator Hwang Dong-hyuk

10:31that controls the rights?

10:32What are you waiting for,

10:33456?

10:35Just to end it already.

10:38I get it.

10:40Some goodbyes take time.

10:42Only time will tell,

10:43but Squid Game The Challenge

10:45has been renewed for a season two

10:46despite all the controversy around it.

10:49Let us know your Squid Game

10:50ending theories in the comments.

10:52All right.

10:53Let's go again.

10:56As you wish.

10:56All right.

10:57Let's go again.

10:58As you wish.

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