The answer to the fine-tuning problem of the universe has been traditionally sought in terms of either design or multiverse. In philosophy circles, this is sometimes expanded by adding the option of explanatory nihilism—the claim that there is no explanation for statements of that high level of generality: fine-tunings are brute facts. In this paper, we consider the fourth option which, at least in principle, is available to us: co-evolution of the universe and observers. Although conceptual roots of this approach (...) could be found already in ancient stoicism, it is still the least investigated explanatory option for resolving the problem of empirical fine tunings. We offer two preliminary models along which the co-evolution hypothesis could be developed further. They are still on the level of speculative metaphysics, but there are opportunities along the way to generate predictions which are in principle testable, especially in the domain of large-scale numerical simulations. (shrink)