Recent negative media attention surrounding the use of text speak (shorthand abbreviations of words such as "gr8" for "great") and the potentially detrimental effects of text speak on literacy prompted this study of texting and literacy in 80 college students. Thirty-four text speak users and 46 nontext speak users were assessed on their proficiency and familiarity with text speak as well as their standardized literacy levels and misspellings of common text speak words. Results showed that while text speak users were more proficient with the vocabulary, both groups showed familiarity with text speak. More important, there were no significant differences between the two groups in standardized literacy scores or misspellings of common text speak words. Thus, our analyses showed that the use of text speak is not related to low literacy performance. Nonetheless,more than half of the college students in this sample, texters and nontexters alike, indicated that they thought text speak was hindering their ability to remember standard English. These conflicting findings are discussed within a framework of future directions for research. (Contains 5 tables.)