This paper compares two different theoretical approaches which have been developed to account for metaphoric interpretation: the comparison approach and the categorisation approach. Following a brief review on the history of the two theoretical approaches, the paper points out in part 5 that these two approaches are not fundamentally incompatible. It is further argued in parts 6 and 7 that while the comparison approach can be improved to provide metaphoric interpretations beyond a focus on words and phrases, similar improvement can hardly be made for the categorisation approach, whether by updating the approach itself or by merging it with non-categorisational processes. As a result, the metaphoric cases accountable by the categorisation approach can only be a subset of the cases accountable by the comparison approach.
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