Honor and shame constituted pivotal values of ancient Circum-Mediterranean societies, including the biblical communities. After summarizing relevant research on this phenomenon by both anthropologists and exegetes, this study focuses attention on the honor/shame vocabulary of 1 Peter and its broader semantic field. The thesis is advanced that the author of this letter perceived and interpreted this conflict between the Christians of Asia Minor and their detractors as one over honor denied and honor claimed, and in so doing also transposed the issue of honor and shame, grace and disgrace, into a theological key.