a dream

I know the book Satyricon was found in fragments, but for some reason I have a feeling that the last 2/3 of the movie was a dream of Encolpius'. I feel that right after Encolpius falls a sleep (before the slave ships and what not arive and right after that philosopher/poet guy was dying and said he'd give him poetry) the rest of the film is bits and segments of random dreams that Encolpius is having: first, being on the slave ship with the Ceasar being killed; the second in meeting that group of people with the nympho wife and the kidnapping of the demi-god; and the third dream is that with the minitour and the loss of a "sharpened sword." Because if it wasn't a dream theres no way to make the connections between the segments (if it wasn't a dream it doesn't make much sense of the philosopher dying earlier in the film and then dying again later; also it doesn't make much sense with after the death of the demi-god Encolpius ending up having to fight the minitour; and so on).