The speaker explains the narcissistic cycle of idealization, devaluation, and their added phase of discard, showing how a narcissist devalues external and internal objects to avoid cognitive dissonance. Discarding the internalized mother-object triggers severe separation insecurity and abandonment anxiety, temporarily collapsing narcissistic defenses into a borderline-like state, which drives attempts to re-idealize the external object to restore internal-external consonance. The shared fantasy—where the narcissist molds the other to fit internal representations—is an anxiolytic state the narcissist repeatedly seeks to return to, perpetuating the cycle. Narcissist Pays Heavy Price for Discarding You (Devaluation) (Clip: Skopje Seminar, May 2025)