I've watched FWWM many times and done a lot of circular thinking, but here's some ideas.
I agree that "Judy", whoever she is, may be the key to everything in Twin Peaks, as Judy, Jeffries, and Gordon Cole's involvement (the "Blue Rose" cases) preceded Laura Palmer's case and everyone involved in it. While Judy may be a code name for a place or case, I don't really think so. Only vehicles really get female names and are then actually called "she". If Judy were a case I think Jeffries would say "In fact, we're not gonna talk about Judy at all, we're gonna leave that (or it) out of it". However, he says "we're gonna leave her out of it". I think Judy is an actual woman, and further that this is her actual first name. Given Lynch's tendency toward "twin" characters (more often polar opposites), I immediately took Jefferies to be Cooper's "twin/opposite": an FBI agent, but blond, unkempt, walking slumped and tired, and wearing a visual opposed outfit to Cooper's, down to white suit and flowered shirt. This made me immediately relat
e "Judy" to Caroline Earle (or maybe to the woman who taught Cooper the "value of committment" as he relates when he and Harry's men do target practice; I don't think he was referring to Caroline, since you can't be committed to your married affair).
It seems a given that Jeffries, an agent with a reputation ("You may have heard of him from the Academy"), was investigating a supernatural, probably a Blue Rose, case. He was succesful. His speech is sometimes unintelligible, but he mentions a couple of names who Cole should tell: "I found something".
Here's a bunch of observations about this scene and the scene above the convenience store that Jeffries describes:
--Jeffries asks Cole: "Do you know who this is there?" ominously and points at
at Cooper; this cross-fades into the image of the rage-filled and apparently mindless creature in the red suit and mask who holds a stick and jumps
repeatedly off of a platform. I believe this creature is Cooper.
--BOB and the MFAP sit together at the formica table while the other beings line
the back wall. Without looking at the scene again right now I remember there
being at least six, maybe seven: the masked creature, Mrs. Tremond/Chalfont,
her grandson, the Woodsman (played by Jurgen Prochnow, who is in the
opening title credits though he doesn't say even one word), and at least 2
more beings who we don't see close up. Who are they?
--Another being (maybe one of the unidentified ones) simply states "Electricity".
The electrical sound in the movie matches the sound of the MFAP in
Laura/Cooper's dream when he says he is the arm and sounds "like this".
--The look of the formica table is similar to the look of a static-filled television:
patterned the same, seeming to have depth, but actually flat and impenetrable.
Lynch's style is often tied to the 1950's, a supposedly idyllic era whose image and look he exploits to creepy effect. The formica table is right out of that era, and I think that there is a very subtle undercurrent of sadness to Jeffries "dream" that suggests lost innocence, much as America lost its innocence after the 50's. Incidentally I think Mrs. Tremond's grandson says that BOB "fell a victim", if you look at his position in the room vs. where he seems to be pointing.
There are many other complications created by FWWM. In the series the route between our world and BOB's seems to be natural, i.e. the sycamores/Glastonbury grove but in FWWM it is completely artificial: power lines/electricity. Why the change? And as important as they seem to Twin Peaks, the ring and garmonbozia are only mentioned in FWWM. Garmonbozia appears as creamed corn, which Mike accuses Leland/BOB of stealing from the convenience store in their road-rage confrontation.
Also, why is the supernatural Mike identical to his human counterpart, Philip Gerard? Did BOB's physical form originally match his supernatural one? I guess my conclusion is that both BOB and Mike were once normal men (though crazed killers) who somehow gained the ability to assume spirit form, and over time BOB lost the ability to appear in his natural form, and can now only take over other people or appear in visions. Mike, on the other hand, severed his actual physical arm, which took on a life of its own in the spirit world as the Man From Another Place.
I'll write again soon about my ideas as to the other beings in Jeffries' dream.
Through the darkness of future past....
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