I also like the one where aliens had a collided and accidentally made another universe (ours) and they are studying it.
"The best non-prosaic explanation for the UFO phenomenon is that a pre-human species virtualized itself already, living in virtual reality, and lives underground." https://gfodor.medium.com/the-intraterrestrial-hypothesis-e1fb9ab6b774
I also like the one where aliens had a collided and accidentally made another universe (ours) and they are studying it.
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