If we let x and y be complex, the solutions lie in 4 dimensional space (2 for x and 2 for y), and our equation becomes two equations: Real parts are equal and Imaginary parts are equal to each other, so the solution set itself should be 2 dimensional. We can visualize this solution set by taking cross sections of the four dimensional space.
Something really interesting happens if we take spherical cross sections around the origin. That is, we take the 3-dimensional surface of a 4-dimensional sphere around the origin and find its intersection with the solution set. We can solve this explicitly to get:
We can then project this intersection to 3 dimensional space via the stereographic projection map: Use hypersphere of radiusA question we might ask is what knots/links can be obtained by intersecting the solution set of a polynomial equation with the surface of a small 4-dimensional sphere. These knots are the "Compound Cable Knots": (see, for instance, Topology of hypersurface singularities Neumann, Walter D)
Our construction above leaves the unit hypersphere, but provided epsilon is small enough, we may deform our way back to the unit hypersphere without changing topology (i.e. crossing a singular point).