This study aims to examine the spatial metaphor of `Island` in the socio-mythological drama, The New Colony. Especially, many critics pointed out two different aspects about `Island`, and this study considered them in detail through the text. The first one was that the space of `Island` seen by the characters before arriving on the island was a metaphor for `Utopian Ideal`. The second one was that as the drama progressed, the space of `Island` newly settled down by the characters was nothing but another new colony, that is, a metaphor for `Human Beings` Ontological Condition`. The researcher has the same opinions as these two aspects. However, the third one was that after all the other characters sunk deep into the sea, La Spera and her son dramatically survived, and the researcher has a different opinion from the existing views on this last epilogue scene. The existing views are approximately divided into two kinds. One is that because of her pure motherhood, La Spera and her son were compensated by nature, which shows an expectation for an utopian hope. The other is that not a settlement with human beings and social power but a deus-ex-machina conclusion shows human beings` tragic condition that no one can avoid. However, the researcher interpreted the two spacial aspects of `Island`, `Human Beings` Ontological Condition` and `Utopian Idea`, as a metaphor for `Eternal Repeatability` of these two aspects. The repeatability of life is eternal. Whether to get locked in a tragic ontological condition or put constant effort in hope of a better and utopian world will be decided by individual human beings. The consequences are not assured. No matter if such a tragic condition or a hope is chosen, each chooser`s journey will have different colors every moment, and such a process will repeat forever. The researcher sees that although the social myth of Pirandello well expresses human beings` repetitive journey of life that they cannot and won`t give up hopes, although they are in such a tragic ontological condition. Moreover, as Sinicropi once mentioned that `the leap into an irrational area of myth does not have to derive from a sense of renunciation, but one of achievement, of necessary completition of the artist`s aspiration`, the researcher also sees that the irrational ending of `Island` seen in the social myth, The New Colony, does not always show only human beings` failures under a tragic ontological condition, a consolation for them or a vague and contrived hope. In other words, it is considered that beside such a tragic ontological condition, the island provides human beings with another ontological condition where they can expect and repeat their attempts, and this repeatability itself can be an opportunity of choice, further being a new hope in the end.