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1. First the story is told with the RED theme which signifies passion, jealousy, love, and betrail. This is the story that Jet Li iniatially tells the Emperor.
2. The Second story is the BLUE theme which signifies the Emperor's take on the story and in the blue story it plays out as a tragig love story where the two main lovers (Broken Sword, Flying Snow) both offer to willingly be the one to die in a staged fight with Jet Li, so that Jet Li would have the credientials to get close enough to the king to assassinate him. Before the staged fight Flying Snow wounds Broken Sword so that he is unable to fight, so that she could go and die instead of her lover.
3. Third is the GREEN theme which is the lover's story of how they met and how they came to love each other. The green represents new life, peace and serenity. This is the ideal of the movie which is to be sought after.
4. And finally the WHITE theme is the true story of what actually happens. And the white colors represents the purity of the truth being told. In the white story Flying Snow eventually kills both her self and Broken Sword as Broken Sword allows himself to fall victim to his lover sword on purpose. Broken Sword allows himself to be killed by her to prove that it is better to let yourself die for peace rather than live for hatred, as Flying Snow has done most of her life. And the pain is too much for Flying Snow so while imbracing her dieing lover she drives her sword all the way through him so that it pierces her heart as well and they die in each other's arms. And then in the finalle when the Emperor is expecting to die at the hands of Jet Li, he passes up the prime opportunity to kill to prove that by killing he wouldn't be supporting peace at all.

The movie ends with Jet Li being killed by millions of arrows being shot into him and he goes without even a fight to prove that it is better to die for peace than fight for merely revenge.

-Mike Morabito