Light Yagami's ultimate fate in the narrative of Death Note is significant as it serves as a cautionary tale about the consequences of unchecked power, hubris, and the corrupting nature of absolute power. His downfall highlights the themes of morality, justice, and the pursuit of power at any cost. Additionally, his fate also underscores the idea that no one is above the law or immune to the repercussions of their actions, no matter how intelligent or cunning they may be.