Homophobia has been an issue of concern in the world of sport for decades. It has had a negative impact on the world of athletes, coaches, and sport psychology consultants. Both heterosexuals and homosexuals are affected. Homophobia has kept some from striving for excellence while interfering with and hindering some who pursued success in sport. Specialists in sport psychology who claim to care about the development of human potential in sport must be concerned about the impact of homophobia. An honest look at attitudes, beliefs, and values is a necessary step forward if change is to occur. A move in the direction of healthy acceptance of differing sexual preferences is suggested, along with an effective philosophy for doing so. A wish list for the future is included.