Spiritual gifts have long been a major topic of discussion in evangelicalism, but in recent years the focus has shifted somewhat from a discussion of gifts like tongues to the gift of prophecy. Wayne A. Grudem has proposed a novel definition of prophecy that he attempts to support from the NT. He traces part of his definition to cessationists and part to Charismatics in hopes of finding a middle ground acceptable to both. A central platform in Grudem’s hypothesis is Eph 2:20, a verse whose interpretation he misrepresents because of a grammatical misunderstanding. Other weaknesses in his theory include his assumption of a strict discontinuity from OT to NT prophecy, a mistaken understanding of the prestige of the NT prophet, and a misapprehension of the need of continuous evaluation of NT prophecy.