This document outlines Ven. Dr. M. Punnaji Maha Thera's explanation of the Sublime Eightfold Way to Nibbāna. It begins by discussing the origins of life, consciousness, the self, and the insecure dream of existence according to Paṭicca-Samuppāda. It then explains the three characteristics of existence - anicca, dukkha, anattā. The document outlines how the dream of existence is a delusion caused by affective processes, and how cessation of this delusion through cessation of affective processes leads to liberation and the imperturbable serenity of Nibbāna. It then discusses the paradigm shift