The essay starts by questioning how the debate at the dam over the Hao River between Zhuang Zi and Hui Zi arose. It describes the source of ideas that led Zhuang Zi to speak on the enjoyment of the fish (yuzhile 鱼之乐) and points out that the meaning of the debate rests in bringing about the emergence of the true subject of “enjoyment.” It highlights this meaning by analyzing the essential content and value orientation of Zhuang Zi’s ideas on the joy of heaven (tian le 天乐) and perfect enjoyment (zhile 至乐). Following up on this thread, the essay goes further to analyze the true meaning of Zhuang Zi’s theory concerning the “great speech” of “non-speaking.” This essay holds that the debate is a parable, an external representation that unfolds an internal tension between two different levels contained within Zhuang Zi’s thought, rather than simply a debate between these two thinkers.