As the title implies, this article contain MAJOR SPOILERS about the ending of The Last Guardian. It also contains spoilers for Ico and Shadow of the Colossus.
Fumito Ueda’s games all end in a similar manner. Each ones concludes on an ambiguous, vaguely melancholy note before fading away to credits, only to be revisited with a more optimistic post-credits epilogue.
Ico initially ended with its titular star lost at sea. Sure he escaped from the cursed castle that the beautiful and the damned leads were bound to by an ominous witch, but our protagonist was still adrift on open waters so any happiness perceived from this ending is tinged with a rational fear of “Won’t he starve to death if he doesn’t find land soon?”