Each of the principal psychoanalytic models is underlain by certain key metaphors. For example, the archaeological and surgical metaphors, as well as that of the analyst-as-screen, all throw light on some of Freud's basic concepts. In classical psychoanalysis, however, metaphor still tends to be an illegitimate or secondary element. Analytic field theory, on the other hand, reserves a completely different place for it, both as an instrument of technique in clinical work and as a conceptual device in theoretical activity. Metaphor and the field are linked in a chiasm: The field metaphor transforms Kleinian relational theory into a radically intersubjective theory, which, in turn, places metaphor at a point along the spectrum of dreaming—to paraphrase Bion, it is the stuff of analysis. For the sake of illustration, we examine first the origins and meaning of the field metaphor in analytic field theory; we then consider the mutual implications of this particular development of post-Bion psychoanalysis and the modern linguistic theory of metaphor; and, finally, we put the theoretical hypotheses discussed in the first part of this contribution to work in the clinical situation.