This paper presents the findings from a study conducted to explore the impact of the COVID-19 pandemic and subsequent school closures on the wellbeing of gifted students and their attitudes towards online (distance) learning. The impact of the COVID-19 pandemic circumstances on the parents of gifted children was also explored in this study. Data collection was via semi-structured interviews with gifted students (n = 25) and parents of gifted students (n = 10). This study found that school closures and home isolation resulted in gifted students and their parents experienced a heightened sense of burdened and an increase in the tension within the family. Additionally, changes in the psychological wellbeing of the gifted students were observed. COVID-19 has had a significant disruptive effect on the routines of gifted students, restricting their capacity to move freely and causing them to experience adverse outcomes including sleeping difficulties, loneliness, lack of motivation, and a sense of helplessness. Gifted students also reported generally negative attitude towards online learning, describing it as inadequate, inefficient, and limited in its opportunities to promote student interaction and discussion. This paper also includes suggestions on how support for gifted students can be improved to help them to achieve to their potential both during and after the pandemic.