Fiction occupies a richly contested position across the depth-psychology corpus, functioning simultaneously as epistemological category, therapeutic instrument, and ontological claim about the nature of psychic reality. James Hillman stands as the corpus’s most sustained theorist of fiction, arguing in Healing Fiction that case histories are fictions in three distinct senses — fabrication, inner imaginative event, and genre construction — and that the psyche’s own ‘historicizing activity’ is constitutively fictional rather than factually reportable. This is not a deflationary claim but an elevation: fiction, for Hillman, names the poetic basis of mind itself. Paul Ricoeur engages fiction from a complementary but distinct angle, treating it as the ‘great laboratory of the imaginary’ in which moral and personal identity are explored through narrative emplotment; for Ricoeur, fiction neither escapes ethical valuation nor collapses into it, but subjects valuation to imaginative variation. Alfred Adler, read through Hillman’s lens and Vaihinger’s philosophy of ‘as-if,’ contributes the notion of the ‘guiding fiction’ — heuristic constructs that govern behavior without demanding literal assent. Harold Bloom introduces the Stevensian ‘Supreme Fiction,’ a knowingly fictive belief sustaining the sublime. The central tension traversing the corpus is between fiction as liberating psychic multiplicity and the literalism that forecloses it: to live fictionally, in Hillman’s idiom, is to inhabit the metaxy — the middle realm between fact and myth — where healing becomes possible.