The Phaistos Disc was discovered in 1908 in a layer of a Cretan palace ruin dating back to the Middle Minoan period. Estimated as dating back to 1600 BC at the latest, the disc has so far remained unique of its kind and, given its presumed status as a script document of purely Minoan origin, has been generally thought to be at present indecipherable. The study is a detailed description of an approach to this problem not hitherto attempted, bringing the pictographs to life in an unexpected way. Both inscriptions with their highly suggestive texts point back to Arcadia as their source, thus casting new light on the origins of western literacy and the cultural implications of the Aegean Bronze Age.