Mindful of Arlow's plea for a fresh approach to the psychoanalytic study of the psychoses in general and the Schreber Case in particular, the time has come to reappraise the Schreber Case, given its prominence in curricula of psychoanalytic institutes. While Freud has had an inestimable heuristic impact on the entire Schreber literature, it remains an exercise in applied, not clinical, psychoanalysis. A historically-grounded, psychoanalytically informed longitudinal case study method was used to reappraise the basic facts, premises, diagnoses, and dynamics of the case as formulated by Freud. The text follows.