This article examines the process of identity development in gifted adolescents and provides a theoretical and research-based explanation of its importance for influencing achievement and quality of life in adulthood. Teachers, counselors, and parents can use "Harry Potter and the Sorcerer's Stone" (Rowling, 1997) as a springboard into discussion of identity issues with adolescents, helping them to understand and successfully negotiate the challenges of this phase of life. The article describes the theoretical rationale for such an approach, outlines some practical issues involved, and closes with a sample lesson plan of a session suitable for gifted middle school students.