Supposedly that company highlighted at the 18:29 (the Anomaly Research Center or simply "ARC") makes an appearance in a "Backrooms-esic" game called _The Classrooms._ I wonder if this might be related to them, and maybe possibly a subdivision of the "SCP-Foundation."?
nobody really mentions this but i love how the smoker has no hesitation with pulling the trigger while he's playing russian roulette with soldier and fritz
54:41 does this part tie back to the wierd flashback scene where scout got shot in the head when its climbling up ladders? cant help but notice soldier stabbed the same part as the scout got shot
didnt one of the people on the police mic or something when soldier laughed with the mic on say that thee killer or whatever he was called was riding a ambulance vehicle or something mentioned with that? (49:03)
a bit late, but I do like your Fritz is the undertaker. It's funny how almost every character save for Jeremy and solder have something bite them in the ass and makes them have to face some sort of music. I do have one tweak to your theory.... the frits we see in dells bar is actually the undertaker. I think this because while it's never really shown by Frits during the movie to question what the pills are, the undertaker seems to already know (future ghost thing and all) that the aren't good and after the funeral he dose speed off in god knows what direction. this also might explain why we see the decerped frits appear behind him during the bathroom scene (the funeral attack frits got a flash of what the undertaker now gets to have) and that's what could have him smile post ambulance crash, but must now ensure the loop by doing what the undertaker did to absolve himself of the newfound sin. I JUST recently watched this TF2 movie and found this shortly after as a recommended and I have to say it dose clear some stuff up, they keep the core bit very well hidden. Thank you for this awesome analysis.
fan-theory the three mercs that spy killed for "treason" quote on quote is the same mercs that were in spy's disguise and the "treason" was something to do with S09's disguise kit
28:36 The reason is simple. The "food" in the oven was changed because it is actually Scout's mom's body, chopped up and being cooked. This goes with how "M" was not _just_ about a serial child-terminator, the threat in the movie was also a child _eater._ He was a _cannibal._