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The tuxedo cat exists dependently upon endless causes and conditions: water, Friskies, sunlight, atoms, oxygen, etc.
The tuxedo cat exists dependently upon the sum of his little kitty parts: ears, black and white fur, tail, four legs, paws, claws, etc.
The tuxedo cat exists dependently upon a the label "tuxedo cat" projected by the mind onto its base.
Is the tuxedo cat aware of all of this, or is he in a complete moggy-fog?
He cares only for wet food.
So what we are giving up isn't the body and mind that we are, we are giving up the false idea that there is a self aside from the body and mind.
The "I" is just a concept, a label merely imputed by the mind, a label that your mind projects onto this combination of aggregates.
In the same way, the mind projects the label "table" onto a slab of wood with four slabs of wood connected to it. The mind projects the label "table" onto its base.
Label. Table. Hey, that rhymes.
Make sure you know exactly where and what the I is so you don't abandon the wrong thing.
The "I" can't be found within nor outside of the mind/body complex. This doesn't mean you don't exist. It only means you don't exist in the way you believe you do. You are a dependent arising.
If you don't drop the fire,
The burning cannot be stopped.
Like that, if you don't give up the I,
Suffering cannot be abandoned.