Paige says in a dream sequence that she would rather be dreaming about Quentin Tarantino. She would later work with him the following year on three of his films.
The title is a play on the combination of the soap opera The Young and the Restless and the famous psychologist Carl Jung. Jung studied many different aspects of dreams, including what exactly makes us dream and why humans dream about what they do. He was also fascinated with the different levels of sleep and how certain variables concoct a persons dream.
When Phoebe finds Coop in her office he is reading the paper from "Carpe Demon" where Phoebe is claimed as a hero for saving John Norman.
Most of Carl Jung's studies are now regarded as pseudo-science.