This paper explores the cognitive and affective-conative correlates of metaphor comprehension. We first introduce the concept of metaphor by describing its essential features and functions. Then, we give a short review of key findings derived from cognitive and developmental studies of metaphor comprehension. Finally, we discuss individual differences in metaphoric skill and sensitivity and present the results of an empirical investigation in which we sought to determine the relationship between literary metaphor comprehension, the subjective experience of metaphors and the readers’ verbal intelligence and personality traits. On the basis of our research findings, it is argued that metaphoric ability represents a central facet of intelligence and that the Test of Literary Metaphor Comprehension designed in our study may be viewed as a valid measure of verbal ability. .