I don't remember anything except that I was falling down deep...sinking. I couldn't stop it. I remember someone trying to reach me from above, but they were so far away...and I kept sinking. I don't know whether I was eventually saved or not, but I guess it doesn't really matter either way. Both interpretations seem to provide some sort of hope.
"To dream that you are drowning indicates that you are feeling overwhelmed by unresolved emotions or repressed issues that are coming back to haunt you. You may be proceeding too quickly in trying to understand your unconscious thoughts. You should proceed more cautiously and slowly. If you drown to death, this refers to an emotional rebirth. If you survive the drowning, then a waking relationship or situation will ultimately survive the turmoil."