Our research examines people’s concept of ‘meaningful behavior’ from an expectancy x value perspective. Specifically, we argue that people consider two elements when inferring the meaningfulness of behavior: the value of the goals that the behavior relates to and the degree to which the behavior is useful for the achievement of these goals. A series of five studies demonstrates that behavior is considered to be ‘meaningful’ if it is highly instrumental for a highly valued goal. Our expectancy x value approach offers a straightforward yet crucial perspective of how people infer whether or not everyday life behaviors are meaningful to them. The implications of our findings for research on meaningfulness, meaning-regulation, and sense making are discussed.