Chapter 2 argues that the adjective “good” is fundamentally three ways ambiguous between so-called evaluative, quantitative, and operational senses. Compare: “This painting is good” (evaluative); “It’s a good distance from here to the Schuylkill River” (quantitative); “The light bulb is good; it’s the wiring that’s frayed” (operational). On the basis of several semantic, syntactic, and phonological properties, it is argued that evaluative and operational “good” are irregular polysemes encoded in one lexeme, called “purposive ‘good,’ ” whereas quantitative “good” is a distinct lexeme, whose meaning stands in the relation of homonymy to the former two.