Sentence 1: Clay was walking on the street when he saw a balloon in the sky. 
 Sentence 3: Clay ran in the direction of this balloon that was descending 
 Sentence 4:  After a half mile chase it was within his reach 
 Sentence 5:  Clay dove at the balloon and held it tight 
 Option 1: He walked towards the balloon then realized it was on a string being held by a girl he used to know. 
 Option 2: He thought that if he chased it he could get it.