The Steel Lady is a central figure in this episode, representing a powerful urban legend that has instilled fear in the local populace. The character of the Steel Lady is tied to the themes of belief and the supernatural, as she is said to be a vengeful spirit that haunts the area. The episode explores how this legend affects the community and the motivations of the characters involved.

In this episode, Kotoko's relationship with Kuro is tested as they work together to confront the Steel Lady. Kotoko's determination to protect Kuro and her confidence in her abilities as a mediator between the human and supernatural worlds are highlighted. Kuro, on the other hand, grapples with his feelings for Kotoko, feeling both admiration and concern for her safety as they delve deeper into the mystery.

Kotoko and Kuro devise a plan to confront the Steel Lady by gathering information about her origins and the fears surrounding her. They engage with the local community to understand the legend better and use their knowledge of folklore and supernatural phenomena to devise a strategy that involves confronting the Steel Lady's mythos directly, aiming to dispel the fear that empowers her.

The local community plays a crucial role in this episode as their beliefs and fears about the Steel Lady shape the narrative. Their testimonies and experiences provide Kotoko and Kuro with insights into the legend, illustrating how collective fear can manifest into a powerful entity. The community's reactions also highlight the impact of urban legends on social dynamics and individual psyches.

The episode delves into the theme of belief versus reality through the characters' interactions with the Steel Lady. Kotoko's rational approach contrasts with the community's superstitions, showcasing the struggle between understanding the truth behind the legend and the emotional weight of belief. This tension drives the plot as Kotoko seeks to unravel the myth while confronting the very real fears that the Steel Lady represents.