Elgin has argued that scientific models that are, strictly speaking, inaccurate representations of the world, are epistemically valuable because the "falsehoods" they contain are "felicitous". Many, including Elgin herself, have interpreted this claim as offering an alternative to scientific realism and "veritism". In this paper, I will argue that there is a more felicitous interpretation of Elgin's work: "felicitous falsehoods" do play a role in the epistemic value of inaccurate models, but that role is of instrumental value. Elgin's view is not best understood as claiming that falsehoods provide scientific understanding in and of themselves, only that they facilitate epistemic access to the fundamental, even if partial, truths that are contained within models. While falsehoods may be felicitous in that they facilitate exemplification, the epistemic value of inaccurate models ultimately relies on their partial accuracy. Keywords Understanding • Idealization • Models • Factivity • Realism If truth is mandatory, much of our best science turns out to be epistemologically unacceptable and perhaps intellectually dishonest. Our predicament is this: We can retain the truth requirement and construe science either as cognitively defective or as noncognitive, or we can reject, revise, or relax the truth requirement and remain cognitivists about and devotees of science. I take it that science provides an understanding of the natural order. By this I do not mean merely that an ideal science would provide such an understanding or that at the end of inquiry science will provide one, but that much actual science has done so and continues to do so. I take it, then, that much actual science is cognitively reputable-indeed, estimable. The view according to which truth is a "requirement" is dubbed "veritism" by Elgin. She claims that her account of scientific understanding offers an alternative to veritism, such that modern science, including its falsehoods, can be construed as having epistemic value.