For incarnate man the cosmic dream is always going on. This is also the case for the sage. But he has the knowledge of what is happening and the power to intromit it one step further back.
We are all in this dream which is itself the product of, and hidden within, a greater dream. Is God, the Dreamer, then asleep? This is the mystery: that he is both awake and asleep at the same time. How can man's tiny mind understand such a thing? Of course not. Let him be still and seek not to carry his profane curiosity into the Holy of Holies. In the end it shall be as if he were never existent, but this cannot be the same as death. For the dream--of which he is a part--goes back into the Dreamer, into the Living God.
-- Notebooks Category 25: World-Mind in Individual Mind > Chapter 2: Enlightenment Which Stays > # 235