Memory Theory Doesn't Work!
It is impossible for Bastian to run out of memories. Technically, every experience warrants a memory. Therefore, when Bastian has just two memories left, he brings Atreyu to life, using one memory but creating one in the process, a memory of giving Atreyu life. That said, he can't run out of memories or wishes. Yes, I know I'm bringing technicality into a children's movie, but it had to be said.
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