In this article, we present the contemporary conceptualization of metamemory as beliefs, accurate and naive, about memory. We discuss the implications of metamemory for memory construction in general and for suggestibility and the recovery of memories in particular. We argue that beliefs about memory influence (a) the probability that suggestions will be incorporated into memory and (b) judgments about the veracity of subsequent recollections. Implications for research on the role of beliefs in suggestibility and memory recovery are outlined.