The case for $plby keeps getting stronger. When you stack it against the recent rallies in traditional growth stocks, the valuation spread is striking: over 130x upside potential versus Rivian's current levels, and 45x compared to GameStop. The thesis boils down to simple market psychology—sometimes overlooked assets with strong retail interest and cultural significance tend to see explosive repricing when sentiment shifts. This one's been on the watchlist for over 550 days, and the risk-reward is becoming harder to ignore as the broader market recalibrates.