Smith’s fantasy also operates in the Imaginary register: she constructs a clear opposition between real women and fake women, true feminists and traitors, moral agents and pornified objects. This coherence masks the fact that the feminist subject, too, is structured by lack and contradiction. The horror she projects onto trans activism—woman as non-person, woman as fetish—is not foreign to feminism but a return of its own repressed complicity with pornographic, liberal, commodified femininity. The very femininity that second- and third-wave feminism constructed as a “social construct” divorced from biology and sexuality.