If, according to the postmodern cliche, we ultimately ARE the stories we are telling ourselves about ourselves, and if cyberspace and virtual reality effectively will mark our entry into the next millennium, then the question we should ask ourselves is: what kind of stories about ourselves can we tell ourselves in cyberspace? Are we necessarily immersed in cyberspace in the mode of the imbecilic superego compulsion-to-repeat, in the mode of the immersion into the "undead" perverse universe of cartoons in which there is no death, in which the game goes on indefinitely, or is it possible to practice a different modality of relating to cyberspace in which this imbecilic immersion is perturbed by the "tragic" dimension of the real/impossible? The aim of the intervention is to demonstrate how the cyberspace hypertext can be used to confront the traumatic kernel of the fiction (fantasy) that is more real than our social reality itself.