The imaginative narratives that myths provide have a significant place in mental life. Myths continue to be handed down from one generation to the next because they resonate with our unconscious hopes, desires, fantasies, and fears. This paper discusses the Medusa myth. The discourse deals with the cultural context of its time, which implicates the political, social, and especially the gender differences that existed in classical Greece. This myth had an emotional impact on men and women but undoubtedly each group responded in their own particular way. The emphasis in this paper is on the possible effect of this myth on the sexes in ancient times and especially the meanings it may have had for women then and now. Although destructive rage and vengefulness is part of the story, in addition, I focus on the importance of sexuality, power, mastery, and freedom that the myth may offer to oppressed women.