We study the quantum dynamics of a two-level system interacting with a quantized harmonic oscillator in the deep strong coupling regime (DSC) of the Jaynes-Cummings model, that is, when the coupling strength g is comparable or larger than the oscillator frequency ω (g/ω > ∼ 1). In this case, the rotating-wave approximation cannot be applied or treated perturbatively in general. We propose an intuitive and predictive physical frame to describe the DSC regime where photon number wavepackets bounce back and forth along parity chains of the Hilbert space, while producing collapse and revivals of the initial population. We exemplify our physical frame with numerical and analytical considerations in the qubit population, photon statistics, and Wigner phase space.The interaction between a two-level system and a harmonic oscillator is ubiquitous in different physical setups, ranging from quantum optics to condensed matter and applications to quantum information. Typically, due to the parameter accessibility of most experiments, the rotating-wave approximation (RWA) can be applied producing a solvable dynamics called the Jaynes-Cummings (JC) model [1]. In this case, Rabi oscillations inside the JC doublets or collapses and revivals of the system populations [2] are paradigmatic examples of the intuitive physics behind the JC dynamics. To achieve these and other phenomena in the lab, the strong coupling (SC) regime is required, that is, the qubit-oscillator coupling has to be comparable or larger than all decoherence rates. This model accurately describes the dynamics of cavity QED [3,4], trapped ion experiments [5], and several setups in mesoscopic physics, where the qubit-oscillator model is essential in modeling superconducting qubits [6] with either coplanar transmission lines [7][8][9][10] or nanomechanical resonators [11,12]. Nowadays, solid-state semiconductor [13] or superconductor systems [14][15][16][17][18][19][20] have allowed the advent of the ultrastrong coupling (USC) regime, where the coupling strength is comparable or larger than appreciable fractions of the mode frequency: g/ω > ∼ 0.1. In this regime, the RWA breaks down and the model becomes analytically unsolvable, although some limits can be explored [21][22][23][24][25]. Confident of the impressive fast development of current technology, one could explore further regimes where the rate between the coupling strength and oscillator frequency could reach g/ω > ∼ 1, here called deep SC (DSC) regime. This unusual regime, yet to be experimentally explored, is the focus of our current efforts. In this letter, we introduce a rigorous and intuitive description of the DSC regime of the JC model, providing an insightful picture where photon number wavepackets propagate coherently along two independent parity chains of states. In this way, the Hilbert space splits in two independent chains, exhibiting a comprehensible collapse-revival pattern of the system populations.We consider the Jaynes-Cummings Hamiltonian without the RWA, also called Rabi Hamiltonian, desc...