This article examines Sigmund Freud's theoretical approach to female sexuality and its clinical manifestations in the analytic setting. Freud's description of female sexuality as “dark” and “enigmatic” forms the main conceptual framework of the article. The unconscious representation of the feminine is discussed as requiring an examination of sexuality, particularly female sexuality and the origins of femininity, based on Freud's articles. The construction of the feminine position within the phallic order, penis envy, and transference processes is analyzed. It is emphasized that the organization of femininity is shaped through unconscious fantasies related to internal parental figures, and that the pre-oedipal mother-daughter bond constitutes the foundation of feminine identification. The article further argues that reflecting on unconscious phantasies does not explain female sexuality but rather reveals its complexity, which is a necessary condition for approaching its enigma.