Perfectionism is characterized by an incapacitating fear of failure that permeates one's life. It stems from a cognitive schema where the journey is seen as unrewarding and only the destination is seen as bringing acceptance. This leads to defensive and unrealistic thinking, a focus only on outcomes, and prevents learning from failures. Sources of perfectionism include conditioning where acceptance is linked only to success and intelligence is seen as fixed rather than malleable. Overcoming perfectionism involves becoming aware of these thought patterns, focusing on effort over outcomes, accepting imperfection, and gaining a liberating perspective through meditation, helping others, and maturity.