Setting- somewhere in Mediterranean countries. The time could be anytime in present.
Conflict - two octopuses against human/driver
Climax - the driver had too much of his attention to the octopuses he end up falling into the sea.
Symbol - the color blue is the symbol of this story. Blue sky and sea give positive feeling and sense of freedom.
Irony - both octopus thought they could live happily ever after later the adventure, though a seagull came and the octopus had to fight for her lover again.
Theme- the moral of this story is never ending adventure.