This paper tries to analyze the thought on music of the School of Chung Tzu, and focuses especially on the analysis of meanings with which the School of Chung Tzu imbues music. In addition to the discussion about values, functions, and abuses of music, this paper points out that the crucial part of musical theory of the School lies mainly on the disclosure of the truth of life and ontology of the universe, which are accomplished through musical forms and images, such as dance, chorus, and heavenly natural sound. It seems often to be ignored in scholarly discussion about musical theory of the School. In accordance with the framework of Chung Tzu, my paper would also be divided into two parts. Chung Tzu's thought on music, represented authentically in "Inner Chapters" in Chung Tzu, would first be argued. Then, we can have a look at interpretations and inspirations of the followers of Chung Tzu according to "Outer Chapters" and "Other Chapters" in Chung Tzu. Through this arrangement, this paper tries to represent the content and the development of Chung Tzu's musical theory better.