In this paper we re-examine the semantics of classical higher-order logic with the purpose of clarifying the role of extensionality. To reach this goal, we distinguish nine classes of higher-order models with respect to various combinations of Boolean extensionality and three forms of functional extensionality. Furthermore, we develop a methodology of abstract consistency methods (by providing the necessary model existence theorems) needed to analyze completeness of (machine-oriented) higher-order calculi with respect to these model classes.