The Imja Glacier Lake (Imja Tsho) (1.03 km² in 2007) is repeatedly cited as one of the most dangerous glacial lakes in the Himalaya with a glacial lake outburst flood (GLOF) claimed to be imminent. Knowledge of lake development and its dynamics, however, is limited and forecasts of a possible outburst are not scientifically based. Nevertheless, prospects for such a catastrophe are repeatedly exaggerated, attracting alarmist mass media coverage. The paper provides an assessment of the lake expansion rates from 1956 to 2007. Stage 1 (1956–1975), slowest: coalescence of several small supra-glacial ponds; Stage 2 (1975–1978), a short period of most rapid expansion; Stage 3 (1978–1997), slow: gradual expansion of single lake; and Stage 4 (1997–2007), renewed acceleration: mainly eastward expansion into the glacier surface. The lake's water level has fallen from 5041 m to 5004 m (1964–2006). The results show that there is no immediate danger of catastrophic outburst although the dynamics of up-glacier and down-valley lake expansion, fluctuation of lake water level, and dead-ice morphology changes should be continuously and comprehensively monitored. Alarmist prognostications based solely upon rapid areal expansion are counterproductive.