The global increase in cultural and religious diversity has led to calls for toleration of group differences to achieve intergroup harmony. Although much social-psychological research has examined the nature of stereotyping, prejudice, and discrimination, and its impact on targets of these biases, little research has examined the nature and impact of toleration for intergroup relations. Toleration does not require that people give up their objections to out-group norms and practices but rather mutual accommodation. Integrating research from various social sciences, we explore the nature of intergroup tolerance including its three components—objection, acceptance, and rejection—while drawing out its implications for future social-psychological research. We then explore some psychological consequences to social groups that are the object of toleration. By doing so, we consider the complex ways in which intergroup tolerance impacts both majority and minority groups and the dynamic interplay of both in pluralistic societies.