In this paper, I discuss some of Maximilian de Gaynesford’s arguments regarding indexicals. Although I agree with his treatment of the first singular personal pronoun as a prototype of demonstrative expressions, I challenge his refusal to treat indexicals as complex demonstratives. To offer an alternative to this refusal I try to develop a common ground from different theories that consider indexicals as linguistic constructions that embed a nonlinguistic element, following an original idea in Frege’s latest writings. These views form the backdrop on which we can put forward the claim of treating all indexicals as complex demonstratives. In the central part of the paper, I criticize each of de Gaynesford’s arguments against the reduction of indexicals to complex demonstratives. Besides, I propose a new definition of the concept of “demonstration” as a nonlinguistic feature of all indexicals in their referential uses, to contrast de Gaynesford’s rejection of the idea that demonstrations are an essential feature of indexicals. Eventually, I strengthen my claim by distinguishing indexicals from proper names and definite descriptions on the ground that only perceptual indexicals necessarily require an accompanying demonstration. However, the main point of the paper is a negative one, that is the rejection of de Gaynesford’s arguments against the reduction of indexicals to complex demonstratives. More work is needed to reach a positive conclusion on this topic.