In two experiments we investigate the possibility that lexicalization can account for the distinction between literal and metaphorical language. In both experiments, sentence contexts were presented with the final word missing. When subjects signaled they understood the context, two possible final words were presented and subjects were required to decide which was more appropriate. Semantic decision times over five different types of stimuli investigating literal and metaphorical word usage were consistent with a modified class inclusion model in which both the lexicalized meaning of words and the context in which they are presented make essential contributions to understanding.