Given the affinity between the phenomena of narcissism and of religion, the author discerns an opportunity to resume the interrupted psychoanalytic psychology of religion during the present-day psychoanalytic theorizing about narcissism. After reviewing the most important concepts and problems in the current discussion of narcissism, Scharfenberg asks whether the search for alternatives to the existing destructive reality could not be pursued by way of the 'security principle' of a differentiated narcissism.