Each narrative, which is in the collective memory of a society and is worth remembering and conveying, has many social functions. Apart from being just a story of something, narratives also have psychological effects on individuals. These effects are detected by subtext readings. The story which Basat killed Tepegöz is also outside the boundaries of heroic narratives because there are no traditional enemy-hero struggles. The narrative, which looks like the struggle of Tepegöz and Basat, is actually the story of Konur Koca Sarı Çoban’s struggle. The story tells the construction of the personality of Konur Koca Sarı Çoban through Metin, Basat and Tepegöz. Personality is shaped by the development of the unconscious. Çoban is the consciousness. Tepegöz and Basat are also the unconsciousness of Çoban. By raping the fairy, Çoban breaks away from all norms and reaches the limit of individuality. After this incident, Çoban runs away in fear and he is not seen in the text again. Through Basat and Tepegöz, the unconscious struggle of Çoban begins. A personality creation struggle is waged through Tepegöz, which represents the destructiveness of the unconscious, and Basat, which represents the constructiveness of the unconscious. The study is based on Carl Gustav Jung’s “Ideal Personality Development” approach within the framework of psychoanalytic theory.