  A non-elementary M\"obius group generated by two-parabolics is determined up
to conjugation by one complex parameter and the parameter space has been
extensively studied. In this paper, we use the results of \cite{GW} to obtain
an additional structure for the parameter space, which we term the {\sl
two-parabolic space}. This structure allows us to identify groups that contain
additional conjugacy classes of primitive parabolics, which following
\cite{Indra} we call {\sl parabolic dust groups}, non-free groups off the real
axis, and groups that are both parabolic dust and non-free; some of these
contain $\mathbb{Z} \times \mathbb{Z}$ subgroups. The structure theorem also
attaches additional geometric structure to discrete and non-discrete groups
lying in given regions of the parameter space including a new explicit
construction of some non-classical $\T$Schottky groups.
