Squid Game: The Official Podcast’s hosts Phil Yu and Kiera Please break down Squid Game Season 2, Episode 3, “001,” with special guest Heidi Wong — poet, writer, and horror fanatic. Gi-hun’s shocking return to the games sets the stage for a Red Light, Green Light redux like we’ve never seen before. As he tries to lead the players to safety, the question looms: How much can he really change the games? And the biggest twist yet — Player 001’s true identity is finally revealed, leaving us with more questions than answers.

Plus, we dive into the complex morality of the players, and debate which characters we’re rooting for … along with which ones we would love to see lose. (Hint: “Señorita!”) Finally, Heidi and Phil face off in a chaotic 1:1 battle of Sikhye Pong — powered by the sweet, traditional Korean rice drink.

Spoiler alert: Make sure you’ve seen Squid Game Season 2, Episode 3 before watching.

Squid Game Season 2 is now streaming. Only on Netflix. 

Learn more about Netflix Podcasts here. 

Podcast Episode 1: Watch here

Podcast Episode 2: Watch here

Podcast Episode 4: Watch here

Podcast Episode 5: Watch here

Podcast Episode 6: Watch here

Podcast Episode 7: Watch here