Is it a myth that Advanced Placement (AP) is an adequate program for gifted students? AP is so covered with myths and assumptions that it is hard to get a clear view of the issues. In this article, the author finds the answer about AP by looking at current realties. First, AP is hard for gifted students to avoid. Second, AP never was a program "for" gifted students. From the start, the AP program was for colleges; early access to college credit was an incentive to encourage students to enroll in college. Third, AP is now integral to secondary education. Fourth, the pressure for open enrollment in AP classes has had mixed results. Fifth, AP is designed to provide traditional college courses, not best practice in gifted education. Lastly, AP diminishes opportunity for original advanced courses. If AP is used with gifted students, it should be held to the same standards as other gifted programs. AP "could" be adequate, if fast pace was combined with advanced instruction. AP "could" be adequate as one among many advanced courses. So teachers and administrators hold the final answer to the question of what AP "will" be for their gifted students, because as it stands AP is not inherently adequate for gifted students.