diff --git a/README.md b/README.md
index 6bbc865..f9b9d1a 100644
--- a/README.md
+++ b/README.md
@@ -28,7 +28,7 @@ Maven dependency:
   <groupId>org.microbean</groupId>
   <artifactId>microbean-interceptor</artifactId>
   <!-- Always check https://search.maven.org/artifact/org.microbean/microbean-interceptor for up-to-date available versions. -->
-  <version>0.2.2</version>
+  <version>0.2.3</version>
 </dependency>
 ```
 
diff --git a/src/main/java/org/microbean/interceptor/Chain.java b/src/main/java/org/microbean/interceptor/Chain.java
index 5427e9f..981e65d 100644
--- a/src/main/java/org/microbean/interceptor/Chain.java
+++ b/src/main/java/org/microbean/interceptor/Chain.java
@@ -1,6 +1,6 @@
 /* -*- mode: Java; c-basic-offset: 2; indent-tabs-mode: nil; coding: utf-8-unix -*-
  *
- * Copyright © 2022–2023 microBean™.
+ * Copyright © 2022–2024 microBean™.
  *
  * Licensed under the Apache License, Version 2.0 (the "License"); you may not use this file except in compliance with
  * the License.  You may obtain a copy of the License at
@@ -16,6 +16,7 @@
 import java.lang.invoke.MethodHandle;
 import java.lang.invoke.MethodHandles.Lookup;
 import java.lang.invoke.MethodType;
+import java.lang.invoke.VarHandle;
 
 import java.lang.reflect.Constructor;
 import java.lang.reflect.Method;
@@ -41,16 +42,41 @@
 import static org.microbean.interceptor.LowLevelOperation.invokeUnchecked;
 
 /**
- * A {@link Callable} {@link InvocationContext} implementation.
+ * A {@link Callable} {@link InvocationContext} implementation representing the interception of a constructor, method,
+ * or lifecycle event.
  *
  * @author <a href="https://about.me/lairdnelson/" target="_top">Laird Nelson</a>
+ *
+ * @see #proceed()
  */
 public class Chain implements Callable<Object>, InvocationContext {
 
+
+  /*
+   * Static fields.
+   */
+
+
   private static final Object[] EMPTY_OBJECT_ARRAY = new Object[0];
 
   private static final Lookup lookup = lookup();
 
+  private static final VarHandle ARGUMENTS;
+
+  static {
+    try {
+      ARGUMENTS = lookup.findVarHandle(Chain.class, "arguments", Object[].class);
+    } catch (final IllegalAccessException | NoSuchFieldException e) {
+      throw (ExceptionInInitializerError)new ExceptionInInitializerError(e.getMessage()).initCause(e);
+    }
+  }
+
+
+  /*
+   * Instance fields.
+   */
+
+
   private final ConcurrentMap<String, Object> contextData;
 
   private final Supplier<? extends Constructor<?>> constructorSupplier;
@@ -65,8 +91,16 @@ public class Chain implements Callable<Object>, InvocationContext {
 
   private final Supplier<?> proceedImplementation;
 
+  private final Supplier<? extends Object[]> argumentsSupplier;
+
   private volatile Object[] arguments;
 
+
+  /*
+   * Constructors.
+   */
+
+
   /**
    * Creates a new {@link Chain} primarily for testing purposes.
    *
@@ -97,6 +131,7 @@ public Chain() {
     this.targetReference = new AtomicReference<>();
     this.targetSupplier = Chain::returnNull;
     this.proceedImplementation = Chain::returnNull;
+    this.argumentsSupplier = Chain::emptyObjectArray;
     this.arguments = EMPTY_OBJECT_ARRAY;
   }
 
@@ -129,7 +164,7 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
          Chain::returnNull, // constructor supplier
          Chain::returnNull, // method supplier
          targetSupplier,
-         EMPTY_OBJECT_ARRAY,
+         Chain::emptyObjectArray, // arguments supplier
          Chain::returnNull, // timer supplier
          new AtomicReference<>());
   }
@@ -164,7 +199,7 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
          () -> terminalConstructor,
          Chain::returnNull, // method supplier
          Chain::returnNull, // targetSupplier (initial target supplier)
-         EMPTY_OBJECT_ARRAY,
+         Chain::emptyObjectArray, // arguments supplier
          Chain::returnNull, // timer supplier
          new AtomicReference<>());
   }
@@ -186,13 +221,14 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
    *
    * @param terminalConstructor the {@link Constructor} being intercepted; must not be {@code null}
    *
-   * @param arguments the arguments to supply to the {@link Constructor}; may be {@code null}
+   * @param argumentsSupplier a {@link Supplier} supplying the arguments for the {@link Constructor}; may be {@code
+   * null}
    *
    * @exception NullPointerException if {@code terminalConstructor} is {@code null}
    */
   public Chain(final List<? extends InterceptorMethod> interceptorMethods,
                final Constructor<?> terminalConstructor,
-               final Object[] arguments) {
+               final Supplier<? extends Object[]> argumentsSupplier) {
     this(interceptorMethods,
          terminalFunctionOf(terminalConstructor),
          true, // set target
@@ -200,7 +236,7 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
          () -> terminalConstructor,
          Chain::returnNull, // method supplier
          Chain::returnNull, // targetSupplier (initial target supplier)
-         arguments,
+         argumentsSupplier,
          Chain::returnNull, // timer supplier
          new AtomicReference<>());
   }
@@ -236,7 +272,7 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
          Chain::returnNull, // constructor supplier
          () -> terminalMethod,
          targetSupplier,
-         EMPTY_OBJECT_ARRAY,
+         Chain::emptyObjectArray, // arguments supplier
          Chain::returnNull, // timer supplier
          new AtomicReference<>());
   }
@@ -260,14 +296,14 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
    *
    * @param terminalMethod the {@link Method} to intercept; must not be {@code null}
    *
-   * @param arguments the arguments to supply to the {@link Method}; may be {@code null}
+   * @param argumentsSupplier a {@link Supplier} supplying the arguments for the {@link Method}; may be {@code null}
    *
    * @exception NullPointerException if {@code terminalMethod} is {@code null}
    */
   public Chain(final List<? extends InterceptorMethod> interceptorMethods,
                final Supplier<?> targetSupplier,
                final Method terminalMethod,
-               final Object[] arguments) {
+               final Supplier<? extends Object[]> argumentsSupplier) {
     this(interceptorMethods,
          terminalFunctionOf(terminalMethod, targetSupplier),
          false, // don't set target
@@ -275,7 +311,7 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
          Chain::returnNull, // constructor supplier
          () -> terminalMethod,
          targetSupplier,
-         arguments,
+         argumentsSupplier,
          Chain::returnNull, // timer supplier
          new AtomicReference<>());
   }
@@ -303,13 +339,14 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
    *
    * @param setTarget whether the supplied {@code terminalFunction} is effectively a constructor
    *
-   * @param arguments the arguments to supply to the terminal {@link Function}; may be {@code null}
+   * @param argumentsSupplier a {@link Supplier} supplying the arguments for the terminal {@link Function}; may be
+   * {@code null}
    */
   public Chain(final List<? extends InterceptorMethod> interceptorMethods,
                final Supplier<?> targetSupplier,
                final Function<? super Object[], ?> terminalFunction,
                final boolean setTarget, // is the terminal function effectively a constructor?
-               final Object[] arguments) {
+               final Supplier<? extends Object[]> argumentsSupplier) {
     this(interceptorMethods,
          terminalFunction,
          setTarget,
@@ -317,7 +354,7 @@ public Chain(final List<? extends InterceptorMethod> interceptorMethods,
          Chain::returnNull, // constructor supplier
          Chain::returnNull, // method supplier
          targetSupplier,
-         arguments,
+         argumentsSupplier,
          Chain::returnNull, // timer supplier
          new AtomicReference<>());
   }
@@ -329,14 +366,14 @@ private Chain(List<? extends InterceptorMethod> interceptorMethods,
                 final Supplier<? extends Constructor<?>> constructorSupplier,
                 final Supplier<? extends Method> methodSupplier,
                 final Supplier<?> targetSupplier,
-                final Object[] arguments,
+                final Supplier<? extends Object[]> argumentsSupplier,
                 final Supplier<?> timerSupplier,
                 final AtomicReference<Object> targetReference) {
     super();
     this.contextData = contextData == null ? new ConcurrentHashMap<>() : contextData;
     this.constructorSupplier = constructorSupplier == null ? Chain::returnNull : constructorSupplier;
     this.methodSupplier = methodSupplier == null ? Chain::returnNull : methodSupplier;
-    this.arguments = arguments == null ? EMPTY_OBJECT_ARRAY : arguments;
+    this.argumentsSupplier = argumentsSupplier == null ? Chain::emptyObjectArray : argumentsSupplier;
     this.timerSupplier = timerSupplier == null ? Chain::returnNull : timerSupplier;
     this.targetReference = targetReference == null ? new AtomicReference<>() : targetReference;
     this.targetSupplier = targetSupplier == null ? Chain::returnNull : targetSupplier;
@@ -361,7 +398,7 @@ private Chain(List<? extends InterceptorMethod> interceptorMethods,
                                         this::getConstructor,
                                         this::getMethod,
                                         this.targetSupplier,
-                                        this.arguments,
+                                        this.argumentsSupplier,
                                         this::getTimer,
                                         this.targetReference));
         } catch (final RuntimeException | Error e) {
@@ -376,6 +413,12 @@ private Chain(List<? extends InterceptorMethod> interceptorMethods,
     }
   }
 
+
+  /*
+   * Instance methods.
+   */
+
+
   /**
    * Returns the {@link Constructor} being intercepted, if available, or {@code null}.
    *
@@ -415,7 +458,10 @@ public final Method getMethod() {
   @Override
   public final Object[] getParameters() {
     // Cloning etc. is not necessary; this whole API is stupid
-    return this.arguments; // volatile read
+    if (this.arguments == null) { // volatile read
+      ARGUMENTS.compareAndSet(this, null, this.argumentsSupplier.get()); // volatile write
+    }
+    return this.arguments; // volatile read but at this point it doesn't really matter
   }
 
   /**
@@ -471,8 +517,8 @@ public final Object call() throws Exception {
   }
 
   /**
-   * Applies the next interception in this {@link Chain}, or calls the terminal function and returns the result, which
-   * may be {@code null}.
+   * Applies the next interception in this {@link Chain}, or calls the terminal function, and returns the result of the
+   * interception, which may be {@code null}.
    *
    * @return the result of proceeding, which may be {@code null}
    *
@@ -630,4 +676,8 @@ private static final <T> T returnNull(final Object[] ignored) {
     return null;
   }
 
+  private static final Object[] emptyObjectArray() {
+    return EMPTY_OBJECT_ARRAY;
+  }
+
 }
diff --git a/src/test/java/org/microbean/interceptor/TestChain.java b/src/test/java/org/microbean/interceptor/TestChain.java
index 4549638..9735a89 100644
--- a/src/test/java/org/microbean/interceptor/TestChain.java
+++ b/src/test/java/org/microbean/interceptor/TestChain.java
@@ -1,6 +1,6 @@
 /* -*- mode: Java; c-basic-offset: 2; indent-tabs-mode: nil; coding: utf-8-unix -*-
  *
- * Copyright © 2022–2023 microBean™.
+ * Copyright © 2022–2024 microBean™.
  *
  * Licensed under the Apache License, Version 2.0 (the "License"); you may not use this file except in compliance with
  * the License.  You may obtain a copy of the License at
@@ -127,7 +127,7 @@ final void testAroundInvokeOnFrobnicate() throws Exception {
   @Test
   final void testUninterceptedAdd() throws Exception {
     final Method add = Frobnicator.class.getDeclaredMethod("add", int.class, int.class);
-    final Chain chain = new Chain(List.of(), Frobnicator::new, add, new Object[] { 1, 2 });
+    final Chain chain = new Chain(List.of(), Frobnicator::new, add, () -> new Object[] { 1, 2 });
     assertSame(add, chain.getMethod());
     assertEquals(Integer.valueOf(3), chain.call());
     assertFalse(construct);
@@ -142,7 +142,7 @@ final void testAroundInvokeOnAdd() throws Exception {
     final List<InterceptorMethod> ims =
       List.of(InterceptorMethod.of(this.getClass().getDeclaredMethod("aroundInvoke", InvocationContext.class),
                                    this::returnThis));
-    final Chain chain = new Chain(ims, Frobnicator::new, add, new Object[] { 1, 2 });
+    final Chain chain = new Chain(ims, Frobnicator::new, add, () -> new Object[] { 1, 2 });
     assertNotNull(chain.getTarget());
     assertSame(add, chain.getMethod());
     final Object result = chain.call();
@@ -159,7 +159,7 @@ final void testAroundInvokeOnRuminate() throws Exception {
     final List<InterceptorMethod> ims =
       List.of(InterceptorMethod.of(this.getClass().getDeclaredMethod("aroundInvoke", InvocationContext.class),
                                    this::returnThis));
-    final Chain chain = new Chain(ims, Frobnicator::new, ruminate, new Object[] { 1, 2 });
+    final Chain chain = new Chain(ims, Frobnicator::new, ruminate, () -> new Object[] { 1, 2 });
     assertNotNull(chain.getTarget());
     assertSame(ruminate, chain.getMethod());
     final Object result = chain.call();
@@ -176,7 +176,7 @@ final void testAroundInvokeOnVoidLambdaize() throws Exception {
     final List<InterceptorMethod> ims =
       List.of(InterceptorMethod.of(this.getClass().getDeclaredMethod("aroundInvoke", InvocationContext.class),
                                    this::returnThis));
-    final Chain chain = new Chain(ims, Frobnicator::new, voidLambdaize, new Object[] { 1, 2 });
+    final Chain chain = new Chain(ims, Frobnicator::new, voidLambdaize, () -> new Object[] { 1, 2 });
     assertNotNull(chain.getTarget());
     assertSame(voidLambdaize, chain.getMethod());
     final Object result = chain.call();
@@ -193,7 +193,7 @@ final void testAroundInvokeOnLambdaize() throws Exception {
     final List<InterceptorMethod> ims =
       List.of(InterceptorMethod.of(this.getClass().getDeclaredMethod("aroundInvoke", InvocationContext.class),
                                    this::returnThis));
-    final Chain chain = new Chain(ims, Frobnicator::new, lambdaize, new Object[] { 1, 2 });
+    final Chain chain = new Chain(ims, Frobnicator::new, lambdaize, () -> new Object[] { 1, 2 });
     assertNotNull(chain.getTarget());
     assertSame(lambdaize, chain.getMethod());
     final Object result = chain.call();