We employed a mixed methods research design using survey data to examine gifted students’ perceptions of implicit theories of intelligence, giftedness, need for cognition, and goal orientations. Eighty-one gifted middle-school students completed the Mindset Assessment Profile (MAP) plus open-ended questions concerning giftedness, expectations, challenges, and personal goals. Results indicated that giftedness and intelligence were viewed as somewhat related ( r = .19, r = .31), but gifted students also perceived giftedness as less malleable than intelligence ( g = −.39) on some MAP items. Many perceived both intelligence and giftedness as malleable constructs that could develop through effort and opportunity. The majority expressed preference for making a good grade rather than being challenged, though many also reported a need for cognition, supported by participation in gifted programming. Participants not only provided positive connotations of giftedness, understanding its connection to challenging curricular opportunities, but also conveyed limited descriptors of giftedness such as “being smart,” providing a need to communicate domain-specific giftedness from a talent development perspective.