The rapid rise of Pegida (Patriotische Europäer Gegen die Islamisierung des Abendlandes) in late 2014/ early 2015 commands sober attention. Contempt for migrants and asylum-seekers, generally, and for Muslims in particular — accompanied by the obligatory panic-mongering over Europe’s purported “Islamization” — is the standard cant of far-right populism across Europe and in no sense unique to Germany. Nonetheless, the diminishing reticence about a more or less overt embrace of Nazism — especially in Germany — seems to signal an unprecedented level of toxicity in contemporary Europe. Alongside the more customary expressions of far-right German nationalism and neo-Nazism, moreover, what is particularly noteworthy and distinctive about Pegida is its explicit and emphatic “Europeanism.” As a new expression of the postcolonial racial politics of “European” identity, therefore, Pegida represents a political formation that commands urgent and serious critical scrutiny.