The story involves a monster, "The Look-See" that looks for people who cannot release their less fortunate memories.
"If you yourself cannot release then it will come to take a piece" means to let go of your wasteful memories, put it aside and start afresh or else death will find its way to you. Start practicing this or else the Look-See will find you!
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Look-See || Part 1{A Short Horror Story}
Horror"If you yourself cannot release then it will come and take a piece"