According to the virtual self theory (VST), selves are merely virtual entities. On this view, our self-representations do not refer to any concrete object and the self is a merely intentional entity. This contemporary version of the 'no-self' theory is driven by a number of psychological and philosophical considerations indicating that our representations of the self are pervasively inaccurate. I present two problems for VST. First, the case for VST fails to rule out a more moderate position according to which the self exists but is systematically misrepresented by us. This position regards the self as a real entity that has illusory appearances, rather than as a hallucinated entity that has a merely intentional existence. Second, I suggest that this 'illusion model' of self-misrepresentation is preferable to VST. Advocates of VST must acknowledge the existence of an entity-typically the brain-that is the bearer of our misrepresentations of the self. I argue that, other things being equal, we should regard the bearer of our self-representations as the self, even if that entity diverges dramatically from the way we represent the self to be. So by acknowledging the existence of a bearer of selfrepresentations, advocates of VST are in a poor position to deny the existence of the self. I conclude that VST not only fails to rule out the illusion model, but that we have prima facie reason to prefer the illusion model to VST.