See Worm. Caterpillars only eat what is not complete. They are greedy and fat. On the other hand, a butterfly was once a caterpillar. Therefore, the caterpillar stands at the beginning of transformation. This symbol almost always points to the process of transformation.... Little Giant Encyclopedia
1- The caterpillar appearing in a dream usually indicates that we are undergoing some form of major change. We may be being warned that we must undergo a complete metamorphosis. We must change and grow from what we arc now into a greater potential.
2- To dream of caterpillars would indicate that we need to remain flexible in our attitude to change. Also, because of the caterpillar’s association with creeping things, it may represent evil or difficulty.
3- The spiritual potential, largely unrecognised, which must transmute into something more beautiful.... Ten Thousand Dream Dictionary
Vision: Seeing a caterpillar: new possibilities will open up—pay attention but be cautious. Watching several caterpillars: some people don’t have your best interests at heart, but be very careful. Things are turning out to be very different from what you expected. Catching or killing a caterpillar: your distrust in anodier person is justified—as you will soon find out.
Depth Psychology: You—or people around you—have hidden talents that will emerge later.
The caterpillar can also point to physical cravings, because it is “blind to the intellectual and spiritual dimension.”... Dreamers Dictionary
Psychological / emotional perspective: To dream of caterpillars would indicate that we need to remain flexible in our attitude to change. Also, because of the caterpillar’s association with creeping things, it may represent evil or difficulty.... Dream Meanings of Versatile