This article has a hermeneutical interpretation of 'heng', one key word in the Laozi. The term 'heng' was not known until 1973 when the two silk manuscripts of the Laozi were unearthed in China. On the base of a reintroduction of heng into the text and of my philosophical reading of the Laozi's concept of 'heng', I argue for an alternative interpretation of dao as heng dao. I suggest that heng dao is neither a metaphysical substance nor mystical nothingness. It is rather the differentiated appropriation of nature and life itself as experienced in the everyday.