A young man with hypospadias came to analysis because of work inhibition. He considered women with whom he had intercourse as degraded. Contrary to Freud's formulation, there were women with whom he could be friendly who were not sexual objects, but he did not deny that they were sexual with other men. The author is interested in split object choice and compares this case with the esteemed woman whose sexuality has to be denied by the man. In an interesting discussion of fetishism, the author postulates that instead of a denial of the mother's penis there is displacement to some other aspect of the mother, such as hair. This substitutes for the phallus, saves the fetishist from becoming homosexual, and makes women tolerable as sexual objects.