"Dharma Theory
One day in 1881 a ship came to an island. It was captained by a man named Magnus Hanso. The crew found the island had mysterious things going on. They also found that it was inhabited. The captains log book managed to make it off the island and information regarding the island was inside this log book. The book was lost for a time and re-found by Alvar Hanso, great grandson of Magnus Hanso who funded the Dharma project.
The Dharma project went back to the island to study it. During their scientific studies of the exotic matter and magnetic properties of the island an incident occurred. This incident was so powerful it warped space and time and the ripples of this incident through space and time actually caused other places to be effected in strange and mysterious ways.
Cut to Egypt(or maybe someplace in Tunisia(which at the time was controlled by Egyptians))...a weird purple light flashes in the sky with an ear piercing sound that is heard. Suddenly a hunk of land disappears - all inhabitants that were present disappears with it.
The effect of the Dharma project caused some of this weird matter to form under this hunk of land that is now an island somewhere in the pacific.
Over the years the people that lived on this island figured out that this exotic matter could be tapped. It changed them. They learned how to manipulate it. All within one generation. Some feared it. Some embraced it. A war occurred. Two people remained. One had blonde hair and the other black.
The two people left had used whatever means necessary to win. One from the side that embraced it and one from the side that feared it. The one thing they did learn was that they had changed. Neither aged. They both obtained strange and wonderful powers - almost God like in nature.
They also learned that because of the changes they went through they could no longer harm one another. Though they tried many times.
Both have theories as to what is going on and both wish to prove them. One just wishes to put the land back and go home to where they come from in both time and space. The other wishes to continue living on the island and embracing its wonderful powers. However, one fears that by putting the hunk of land back where it comes from will destroy the world. The other doesn't. So the game is afoot. They both try to stop one another from accomplishing their goal.
Over the years the one that embraced the island learned to cherish it and he hoped to some day share the wonders of the island with the rest of the world, when they were ready - but first they would have to prove themselves worthy. So he would bring people to the island and test them and to help him - help him with his war against the other to stop him from sending the island back.
One of them tried time and time again to use the exotic material to make things right and send the island back where it came from(the Dharma wheel being attached to the exotic matter some how).
One day in 1881 a ship comes to the island.
One of the crew manages to escape and takes with him the log book of Magnus Hanso. It is lost for a time and re-found by the great grandson of Magnus Hanso - Alvar Hanso. He reads about this island and its wondrous properties. He sends people there to study it and do scientific experiments. Something happens - the incident. This incident was so powerful it warped space and time and the ripples of this incident through space and time actually caused other places to be effected in strange and mysterious ways.
Oceanic Flight 815 was a scheduled flight from Sydney, Australia to Los Angeles, California, on a Boeing 777 owned by Oceanic Airlines. Under mysterious circumstances, on Sept 22, 2004 the airliner, carrying 324 passengers, deviated from its original course and disappeared over the Pacific Ocean. This is the central moment in the series "Lost" and the chronological beginning of the main characters' exploits on the island.
We go through the show. We learn about the island. We experience the use of the wheel unleashing the the exotic matter in a controlled manner that can move the island through time and space. The Losties warp back to different times on the island - they have now disrupted the flow of time through their actions - brought on by the two guys trying to accomplish their goals.
They are both using whatever means necessary to prove the other wrong. One finds a loophole.
He sets the wheel in motion to defeat the other.
In the end, neither will succeed because the loop in time will become a noose and close. The time loop like a record skipping will eventually collapse. This will be brought on when the Losties mess the plans up of the the two guys, which will have it's own ripple effect that will be the reason the record stops skipping and the time loop collapses and effects the Dharma Project that stops the incident from occurring.
The Dharma project will fail because the island will sink and thus the Losties will never crash on the island and flight 815 will land in LA X. However, due to the nature of time and space ripples, the effects of the ripples will cause some serious DeJa Vu and our Losties in 2004(LA X) will once again be made aware that they may very well have saved the world.
Or something like that. ^_^ "