Dreams involving being chased often symbolize feelings of anxiety or pressure in your waking life. In your dream, being chased by King Kong could represent a large, overwhelming issue or emotion that you feel is looming over you. The fact that everyone around you is also trying to hide suggests that you may not be alone in facing this challenge; perhaps there are shared concerns within your social circle.

Encountering an old friend from 20 years ago might indicate a desire to reconnect with your past or to seek comfort from familiar relationships during stressful times. This friend could symbolize a part of yourself that you feel has been lost or neglected.

The transformation of King Kong into a smaller version could signify that your fears or challenges may seem larger than life, but they might actually be more manageable than you think. This could be a reminder to confront your fears rather than avoid them.

The scene where you find yourself naked and preparing to read the news represents vulnerability and the pressure to present yourself in a certain way. The clothes appearing as a filter suggests a desire to cover up your insecurities or to adapt to societal expectations.

Overall, this dream may be encouraging you to confront the pressures you're feeling, reach out to supportive relationships, and recognize that what seems daunting can often be diminished when faced directly. Consider reflecting on what aspects of your life feel overwhelming and how you might approach them with the support of those around you.