This is a study of an under-developed topic in philosophy of language, namely first-person plural pronouns (‘we’, ‘us’, etc.) Richard Vallée has made very important progress by identifying crucial desiderata and putting forward an ingenious proposal about ‘we’ which addresses them. We contend that, despite this impressive progress, he makes some missteps, both omissions and errors; furthermore, his proposal appears implausible as a personal-level psychological story. We thus sketch an alternative approach to the semantics of the first-person plural indexical which, (...) though it builds on Vallée’s important work, departs substantially from it. (shrink)