In this article, I argue that Richard Matheson's (1954) vampire novella, I Am Legend, encodes the protagonist's, Robert Neville, traumatic recognition of his queer sexuality in its monstrosity (the unspeakability of male penetrability). Neville's identification with and desire for his undead neighbor, Ben Cortman, are symbolically codified through three different registers: intertextual references to vampiric conventions and codes, the semiotics of queer subculture, and a structure of doubling that links Neville to the queer vampire. Although Neville avoids encountering his unspeakable queer desire, which could be represented only at the level of the Lacanian Real, he must still confront Cortman's obsessive exhortations for him to come out. Only when he symbolically codifies his abnormality in its own monstrosity, by viewing himself through mutant vampires' eyes, can Neville reconfigure the ethical relationship between self and other, humans and mutant humans-vampires. However progressive Matheson's novella is in its advocacy of minority sexual rights, it still renders capitalism's problematic relationship with queer subjectivity invisible. Although capitalism overdetermines every aspect of the social field and makes Neville's daily life possible in its surplus enjoyment, the fundamental antagonism (class struggle) in capitalism is obscured by the assertion of identity politics.