The author presents a new existential interpretation of Nietzsche. He argues that Nietzsche’s approach, especially in his mature works, is to make the typical existential position foundational, and then to develop to the fullest the implications of this position. This meta-existential approach necessarily yields an ambiguous and open-ended critique of metaphysics. The task of simply overcoming metaphysics is shown to be inapplicable to Nietzsche.