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The psychoanalytic conception and treatment of schizophrenia is in need of fundamental revision because of (a) refinements in nosology which have separated out the borderline and affective disorders with which it had formerly been confused; (b) the development of newer psychoanalytic schools; and (c) the impact of various aspects of neurobiological research, the putative outcome of which seems to confirm that many, if not most, schizophrenics begin with a hereditary and/or congenital vulnerability to life and are disadvantaged in how they experience life, not only emotionally, but also neuroperceptually, neurocognitively, and neurobehaviorally. This contribution seeks to put schizophrenia and psychoanalysis in an interdisciplinary perspective by assigning the concept of disorders of psychical meaningfulness to the neurotic portion of the schizophrenic personality and of psychical meaninglessness to the psychotic portion of the personality. Whereas all psychoanalytic schools traditionally employ models that address meaningfulness, I suggest the employment of a newer model to deal with schizophrenia as a “disorder of self-regulation” (of meaninglessness), the latter being the neurobiological contribution. To the former I should like also to append the concept of a “disorder of interactional regulation” as its interpersonal complement in the sense of psychosocial, object relations, and systems theory interactions.