I have a silly and indulgent Very Important People fan theory:
Very Important People!Vic Michaelis is extremely insecure and lonely as shown by their dialogue throughout many of the currently released episodes. They seem down on their luck and frustrated by their lot in life especially in their career and their personal connections. They seem like the perfect character to go through a classic “self growth through a journey of meeting crazy characters” plot.
Each of the characters seem like out of this world caricatures of people they could meet out in the world, and some (like Denzel and Vic’s Grandma), seem like representations of those in her actual life (I also have a fun theory that the dolls were her childhood dolls). Many of the characters themselves point out that Vic seems to be down on their luck and unhappy, and in some way preventing themselves from happiness. Off the top of my head, Vic has referred to their father being murdered, a divorce from their husband, and struggling to get a “real reporting career.”
If I had to construct a story of how they got to this point I would say the death of their father pushed VIP!Vic into grief induced isolation and loneliness, which inhibited their personal connections as they were stuck in survival mode. The murder of their father inspired them to become a reporter, as an attempt to help other victims of violent crime, but they are struggling to find a foothold. Their unbridled grief and obsession with retribution for their father has put a strain on their marriage and their partner asks for a divorce. Maybe in their exasperation and the chaos of life they are spurred to follow a lead they have no business or jurisdiction to follow and they end up injured. It is in this injury they are experiencing this hallucinogenic state.
The VIP set itself feels very cultivated and its “old-fashioned” eclectic style gives it a vibe of a surreal manufactured reality. Each episode starts with Vic idly messing with some aspect of the set, before realizing the camera is on and putting on the reporter mask. In my memory, none of the people “on set” ever say anything, besides Vic and the interviewee, even when Vic audibly asks them questions. Additionally the cutting off to infomercials gives an uncanny feeling of parody, someone concocting the stereotypical formula of a show. Finally, there are the moments where there is an abrupt cut to a transition card from a more intense scene, almost to redirect the emotional plot. Overall, it has given me a kinda WandaVision vibe of a dreamlike state manufactured in VIP!Vics head in order to address their loneliness and disillusionment with life.
The closing question especially points towards this specific idea of VIP!Vic being stuck in this fugue state looking for answers: “What is the meaning of life?” This is both impactful if we go with the idea she is injured and experiencing this all in an unconscious state (almost "deciding" whether to wake up) as well as just in them searching for the next direction to go in their frozen life. What is the meaning of life amidst grief, loneliness, fear, and unfair circumstances? How can Vic find meaning? In creating this dreamlike fabrication, VIP!Vic is trying to recover and find a version of themselves who can live a more fulfilling life as they let go of the past which has held them back. “Remember to always be yourself, unless you'd rather be somone else”
TLDR: Vic Michalis is having some sort of surreal, unconscious dream where crazy characters are attempting to help them heal from their father's death, their fucked up social situations, and to find meaning and happiness in their life. Through the interviewees eccentricities they teach Vic their personal meanings of life so Vic can find their own.
(This is all just to be silly, I know a lot of it is just stylistic choices of the show and the nature of the type of show it is, but I just love the show a lot and this little theory came to me)
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