There is Cosmic Mind with static (memory container) & dynamic (creativity/imagination/memory content) nature causing the creation and the dissolution cyclically. The static nature of the mind acts as the knower/seer and the dynamic nature acts as creator projecting the ever changing world of forms. Creation is with respect to a reference object and this reference object is the window through which cosmic mind experiences its own creation. This reference object itself is present in the creation just like a dreamer may be present in his own dream. Experiencing the creation through a particular form leads to the identification of knower with that specific form. Identification with a form is due to ignorance as knower does not understand about the world being mere projection of imagination and erroneously takes the world to be real. Since knower is identified with form, now it has ego-sense or “I-Sense”. The most important but unfortunate aspect of this ego-sense is the deepening of impressions in the memory. This ego-sense claims the ownership of actions though the dynamic nature of the mind as a whole is the owner of all actions. Due to “I-Sense” being associated with identification with a form, the Cosmic Mind appears to be marginalised and now it can be called just the Cosmic Mmind. The process of identification with different objects/bodies continues and the mind enjoys/suffers due to attachment/identification or “I-Sense”. With more and more experiences, memory keeps on learning and finally figures out the nature of reality that everything including itself eventually is, “Impersonal Awareness” and the ownership of actions by the “I-Sense” is false. Now, new deep binding impressions are not created in the memory and old ones are erased. The “I-Sense” associated with a form fades away. Eventually, “I-Sense” is erased from the memory and now the world of forms is ineffective in creating “I-Sense” due to the presence of firm knowledge of the reality and the memory becomes pure having no binding impressions.