I've seen discussions of using an old 240V wire (two hots, a neutral, and a ground) and reconfiguring it to have two 120V circuits.
As an example, if it is a 20A cable, you could have two 20A circuits, each one using one of the two phases and both sharing the neutral and ground.
If each circuit is powering a device using the full 20A, would this result in 40A of current going onto the neutral, causing overheating?
Additionally, will sharing the neutral cause interference between the circuits?