Although no one can really explain how the world came into existence. Scientists are still trying to unravel one of the greatest mysteries of earth: When did “life” first appear and how did it happen? It is estimated that the first life forms on earth were primitive, one-celled creatures that appeared about 3 billion years ago?

In the very beginning of earth’s history, this planet was a giant, red hot, roiling, boiling sea of molten rock – a magma ocean. The heat had been generated by the repeated high speed collisions of much smaller bodies of space rocks that continually clumped together as they collided to form this planet. As the collisions tapered off the earth began to cool, forming a thin crust on its surface. As the cooling continued, water vapor began to escape and condense in the earth’s early atmosphere. Clouds formed and storms raged, raining more and more water down on the primitive earth, cooling the surface further until it was flooded with water, forming the seas.

Anyway, you can watch this video to chill your mind somehow.

You are correct that both are understandable.

The only other possible everyday meaning I could think of would be ‘I see him [in my mind’s eye] last night’; that is, I am, at this very moment, imagining him last night. But it should almost always be clear from context which one is intended.

‘Correct’ doesn’t mean ‘understandable’, though. If I say ‘Me want have fooding’ it’s pretty clear what to understand from that, but it’s not anywhere near correct Standard English grammar. If you lived somewhere where you spoke a dialect of English in which this was acceptable grammar, however, then it would be correct for that dialect.