Objectives This study's purpose was to assess perceived meaning in adolescents. Specifically, our goals were to examine the psychometric properties of the Purpose in Life test‐Short Form (PIL‐SF) and its ability to predict psychological outcomes in an adolescent sample. Method Aspects of well‐being (self‐efficacy, life satisfaction, and resilience) and psychological distress (posttraumatic stress, depression, anxiety, and general stress) were assessed in a sample of adolescents (N = 91; 58.2% female; mean age = 14.89) receiving clinical services following the Deepwater Horizon Oil Spill. Results Meaning was positively associated with life satisfaction, self‐efficacy, and resilience, and negatively associated with posttraumatic stress and depression. Meaning was not significantly related to anxiety or general stress. Females reported significantly more meaning than males, while no significant differences were noted by race/ethnicity. Conclusions The PIL‐SF is a useful measure with adolescents. Moreover, meaning is an important concept to consider with respect to disasters.