Scholars have long debated whether "caris" in 1 Pet 2,19-20 should be understood as the unmerited favor which is divinely bestowed upon those who please God, or whether it represents a human action that secures a favorable response from God. What interpreters have continued to overlook, however, are the ancient social dynamics which underlie this passage. By interpreting "caris" within the framework of reciprocity and gift-exchange in the Greco-Roman world, this study brings fresh perspective to a problem which has long divided scholarship, and also suggests a new direction for understanding the letter's theology of suffering.