So you guys know the big wheel that Bill always has around him in pictures and stuff?

People keep saying things like “I bet this wheel is a list of people who made deals with Bill.” This seems likely.

But people are also confused as to why there is a six-fingered hand and a pair of glasses looking to have been worn by Stanley Pines.

My brother icyriver came up with the theory that Stanley is not just one or the other, and that they both represent him; this would mean that Stanley made a deal with Bill not just once, but twice.

In season 1, episode 19, Dipper says this at around 7 minutes in: “Beware Bill, the most powerful and dangerous creature I ever encountered.” Followed by a shot of the words, “Do not summon at all costs!”

At this point, we know that the author had to have written about Bill twice; once in the third journal, and once in the second journal. Why is this? Because then Gideon, who had the second journal, would not have been able to summon Bill. He would not have known about Bill.

This is why we can say that the author encountered Bill twice; the first time, he had not known him to be dangerous as he wrote about him. Gideon summoned Bill, not knowing he was going to be so dangerous; hell, we don’t even KNOW what Bill wanted from Gideon. Neither did Gideon himself. The deal had been called off before Gideon could repay Bill. This would mean Gideon did not see him as a threat yet, and did not know the malice of his deals.

In the second encounter that Stanley had with Bill, it did not go down well, thus prompting him to write about Bill a second time and warn the reader.