Before we get to the new footage, let's take note of what we're reminded of in this trailer from the first three episodes because these moments are likely more important than we realize. The trailer focuses on the beginning of episode two "The Variant" where Loki is helping Mobius (Owen Wilson) and the Minutemen investigate Sylvie. "We have a saying in Asgard, where there are wolf's ears, wolf's teeth are near — it's a trap," Loki says in that scene in a bid to frighten everyone into letting him get his way. "He's lying," Mobius responds. "My ears are sharp, too," he says. At the time we were meant to assume this is just Mobius calling Loki's bluff, but what if there's more to it than that?

"No one bad is ever truly bad," say Loki during the trailer. "And no one good is ever truly good." We cut to Sylvie in the trailer at this moment, who says, "this isn't about you," and, while we're already meant to think Sylvie isn't truly bad, it's possible that the people we think are good that aren't are likely the TVA. We see a nervous Ravonna Renslayer (Gugu Mbatha-Raw) about to address the Timekeepers. We already know that the Minutemen who think they were created by the Timekeepers are actually all variant, but what else don't we know?