  We present a model for the structure, temporal behavior, and evolutionary
status of the bipolar nebula M2-9. According to this model the system consists
of an AGB or post-AGB star and a hot white dwarf companion, with an orbital
period of about 120 years. The white dwarf has undergone a symbiotic nova
eruption about 1200 years ago, followed by a supersoft x-ray source phase. The
positional shift of the bright knots in the inner nebular lobes is explained in
terms of a revolving ionizing source. We show that the interaction between the
slow, AGB star's wind, and a collimated fast wind from the white dwarf clears a
path for the ionizing radiation in one direction, while the radiation is
attenuated in others. This results in the mirror-symmetric (as opposed to the
more common point-symmetric) shift in the knots. We show that M2-9 provides an
important evolutionary link among planetary nebulae with binary central stars,
symbiotic systems, and supersoft x-ray sources.
