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The author takes a new look at perversions and at the classical psychoanalytic theories about them, proposing an original criterion for approaching them. He does not consider perversions as specific sexual behaviors, nor as a certain type of phantasy: he considers perversion above all as an ethical impasse. Every sexual relationship in which the subjectivity of the other is used as the Ego’s instrument of pleasure is perverse. It is not a moral flaw, but a strategy that transforms suffering (especially jealousy) in jouissance, by manipulating the other as a subject: the ultimate accomplishment for the perverse subject consists in transforming the trauma of one’s own exclusion from the others’ pleasure into an exclusive way to obtain sexual pleasure. In this perspective, the author reconstructs the ethical and subjective phenomenology of voyeurism and exhibitionism, sadism and masochism, fetishism, perverse homosexuals, and perverse women.