This is a pretty scary theory.

[Alpha]

The majority of my dreams involve misadventures with various celebrities and heads of state. Not a ton of falling, but I can see the validity of the theory.

 

[Animae]

What if the Angel and Devil were fighting over you and they accidentally dropped you in the midst of fighting that is why you feel the sensation of falling..

That's not what happens...

If you want to know about it, read this: http://en.wikipedia.org/wiki/Hypnic_jerk

 

[JCagg]

Considering that I'm an atheist, there is no way that this can be true nor does it make sense. Also, its already been proven that the "falling" sensation is simply due to your brain misinterpreting that you are falling asleep and losing function. It's referred to as a "Hypnic jerk".

 

[AephexHasSweges]

Ok here's some science and stuff. When this happens, you usually awake with a start and an extremely high heart rate due to startling. If you were dead, just a mere second prior, I doubt you jumped from 0 BPM to 170 BPM. In addition, I don't believe in angels but doubt they would drop nearly every person supposed to die multiple times. Also, what are some reasons for these deaths. There are only so many causes of natural deaths, most of which would be visible prior or after sleep, such as disease or murder. Also, I believe there's actually been a proven reason for these phenomenon but not sure. So yeah science.