This chapter argues for the overlooked centrality of Entäußerung, the German translation of the Greek kenosis, in interpreting the Phenomenology of Spirit. By conceptualizing self-emptying as a process that implicates the self-possessed subject as much as all figures of transcendence that may be opposed to that subject, Hegel expands the semantic and conceptual scope of Entäußerung beyond its original Christian theological register. This chapter shows the specificity of the Hegelian imbrication of self-emptying and immanence by contrasting it to the eschatological theories of kenosis and dispossession found in theologians such as Jean-Yves Lacoste. This chapter argue that it is precisely by overlooking Hegel’s novel re-writing of kenosis as an operation that reveals absolute immanence that ungenerous readers have rendered him the consummate thinker of totality and closure. According to such an interpretation, the operation of Entäußerung that culminates and subverts the figure of the Unhappy Consciousness marks not a transition between religion and secular reason, as is it has frequently been read, but the transition from the finite to the speculative perspective, that is, from a perspective that affirms the primacy of finitude to one that affirms only the immanent movement of self-emptying.