Liver-eating: Does this Reveal the Hidden Identity?
After what Julie saw on the road in the past, I think we might know who/what the MIY is, based on real-life myth.
If I recall, one of the creators of the show mentioned that if anyone figured out the monsters, they'd understand everything. (Or something, correct me ye who remember.) But basically it sounds like the monsters may reference real life myth rather than be totally made up, and people have speculated about e.g. wendigos.
But we seem to have a decent sense now that MIY is probably the bargaining trickster who made the monsters 'monsters'. We've seen him kill a 'child' to resurrect the dead in monstrous form (the foetal chicken egg to wake poor Roger). Seems plausible he's the entity who convinced a batch of humans to let him kill their children then made them immortal monsters off the back of it.
So... let's think of the MIY as the important monster to decipher here. The original monster behind the monsters. And we know something very specific about the Man in Yellow. We know he eats livers.
So I googled 'mythical creature that eats livers'. (I know, really pulling out the research stops on this one.)
And look what I found.
Spearfinger (U'tlun'ta), pre-colonial Cherokee Mythology. A wicked shapeshifting witch who poses as a frail human (usually old woman) to trick her victims into trusting her, then cuts out and eats their livers.
That's... that's the Man in Yellow, isn't it? That's Sofia? It's Spearfinger. U'tlun'ta. The shapeshifting witch of USA-relevant Cherokee mythology, who poses as a harmless, frail human in need of help (in this case, as a friendly elderly man, or young religious girl) to deceptively gain the trust of her victims before eating their livers.
Thoughts? Theories?
If this isn't U'tlun'ta, the parallels are a heck of a coincidence.
Bonus creature I came across:
The Vrykolakas are infamous for knocking on doors at night and calling the resident's name; those who answer (open the door?) have their livers eaten. Smiley monsters, anyone? Maybe the MIY turned the child-sacrificers into Vrykolakas? The Vrykolakas aren't specifically known for what they eat from the human though when it's mentioned it's organs moreso than blood, but are mostly known for their particularly brutal and predatory way of attacking. Resonates with how the Smileys tear apart their victims in a very animalistic way.