"It's the caterpillar going into a cocoon and turning into a butterfly."
(It; 's; the caterpillar going into a cocoon and turning into a butterfly) (the caterpillar; going; into a cocoon) (the caterpillar; turning; into a butterfly)
It the caterpillar the caterpillar
's going turning
the caterpillar going into a cocoon and turning into a butterfly
into a cocoon
into a butterfly