This chapter discusses Psychotherapeutic Playback Theater from a narrative point of view. It presents the key elements of the therapeutic process involved in the emergence of the story in a group, retelling it through the encounter with the other in the intersubjective realm, discovering new perspectives within it in the dramatic reality, using deconstruction and reconstruction, distancing, and transforming it into a shared group experience. These components, which provide an opportunity to experience perceptual-emotional change for the teller and the whole group, constitute essential therapeutic aspects of Psychotherapeutic Playback Theater.