What significance and what psychic force is to be ascribed to such manifestations of judgment as “For that is only a dream,” which frequently comes to the surface in dreams, I shall discuss in another place (_vide infra_, p. 390). For the present I shall merely say that they serve to depreciate the value of the thing dreamed. An interesting problem allied to this, namely, the meaning of the fact that sometimes a certain content is designated in the dream itself as “dreamed”—the riddle of the “dream within the dream”—has been solved in a similar sense by W. Stekel[114] through the analysis of some convincing examples. The part of the dream “dreamed” is again to be depreciated in value and robbed of its reality; that which the dreamer continues to dream after awakening from the dream within the dream, is what the dream-wish desires to put in place of the extinguished reality. It may therefore be assumed that the part “dreamed” contains the representation of the reality and the real reminiscence, while, on the other hand, the continued dream contains the representation of what the dreamer wished. The inclusion of a certain content in a “dream within the dream” is therefore equivalent to the wish that what has just been designated as a dream should not have occurred. The dream-work utilises the dream itself as a form of deflection. (_d_) _Regard for Presentability_ So far we have been attempting to ascertain how the dream represents the relations among the dream-thoughts, but we have several times extended our consideration to the further question of what alterations the dream material undergoes for the purposes of dream formation. We now know that the dream material, after being stripped of the greater parts of its relations, is subjected to compression, while at the same time displacements of intensity among its elements force a psychic revaluation of this material. The displacements which we have considered were shown to be substitutions of one idea for another, the substitute being in some way connected with the original by associations, and the displacements were put to the service of condensation by virtue of the fact that in this manner a common mean between two elements took the place of these two elements in the formation of the dream. We have not yet mentioned any other kind of displacement. But we learn from the analyses that another exists, and that it manifests itself in a change of the verbal expression employed for the thought in question. In both cases we have displacement following a chain of associations, but the same process takes place in different psychic spheres, and the result of this displacement in the one case is that one element is substituted for another, while in the other case an element exchanges its verbal expression for another.