This is where we talk about the verse which is oft-cited by proponents of baptismal regeneration as support for their view. The first part, on a Plain Reading(TM) of Scripture, seems clear enough: "And this water symbolizes baptism, which now saves you". But is it so unequivocal? And what does the second part of the verse, that bit about the "pledge of a good conscience" mean? I'd be interested to see how (credo-) Baptists interpret this verse?