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The author questions the conceptual basis of the unrepresented, a set of terms including: the unstructured unconscious, figurability, and reverie. Because this terminology proposes a profoundly different metapsychology than Freud developed, the author contextualizes the fate of Freud’s metapsychology in America and how it was confused with the authority of the classical analyst. Then excerpts of texts by Howard B. Levine, one of the main proponents of the unrepresented, are analyzed to show that the decisive element in Levine’s claim of creating meaning for patients is figurability. The author does a close reading and elaboration of French analyst Laurence Kahn's very thoughtful critique of figurability. Kahn’s scholarship is brought to bear on Freud’s metapsychology, showing how what is at stake are presentations not figures. Figuration and reverie are founded on the projection of referential and narrative coherence onto what is presented by the patient. But the unconscious does exactly the opposite, it presents to consciousness its noncoherent derivatives (presentations). Kahn illuminates Freud’s mode of thinking using the critique of figurability as a springboard to show us what is essential in conceptualizing unconscious functioning.