The concept of critical thinking enjoys a near-universal positive connotation. Existing defnitions of critical thinking, however, tend to be rather vague, and, as a consequence, they provide neither an accurate nor a precise understanding of critical thinking. In this paper, I propose to understand critical thinking as a metacognitive skill applicable to the evaluation of truthclaims. Critical thinking as a metacognitive skill consists of three components: Minimization of logical fallacies, minimization of cognitive biases, and a probabilistic epistemology. Understood in this manner, critical thinking can improve the quality of our inferences about the world.