In this chapter, we focus on speculation that engages with the present. We characterize this as a revealing of everyday conditions that (could) generate alternatives. We discuss approaches like Alternative Presents, breaching experiments, material speculations, situated retellings and biographical prototypes to draw out qualities of speculative reasoning. We also highlight the experiential alternative of things that work otherwise as a common method to critically unpack the present. Like the previous chapter, we apply our framework of leaps of imaginations, diverse epistemologies, ethical reflexivity and experiential alternatives to draw out how these speculations work. Lastly, we underscore speculation’s importance to broader research in design by exploring aspects of speculation in a wide range of investigations including repair, feminist and ethnographic theories in HCI, and ethnomethodological techniques like breaching experiments.