In this article, envy is identified as a drive derivative, erupting as a definable behavior in the anal phase of psychosexual development, locating envy as first being experienced during the stage of self-development, separation/individuation. The aim of envy, as identified by the nature of the investment the subject makes in envied objects, is described as “aquisitiveness,” or, following Klein, sadism, defined in terms of the subject wanting to incorporate the envied object, making the aim of envy narcissistic, that is, an aggrandizing of the self. The usual aim assigned to envy, destructiveness, is conceptualized as a defense against the cannibalistic hunger of envy, in response to the regulatory affect, shame. The dynamic of this defense accounts for the dyadic nature of the object of envy (as opposed to jealousy), supporting the “splitting” quality of this defense. This rendering of envy, shame, and sadism promotes the integration of narcissistic urges into normative psychosexual development and deepens an understanding of the splitting defense in pathological narcissism.