Heh. What I had in mind was Quine's criterion for ontological commitment under which it wouldn't. So Silas is cool is something like, where cool is the predicate letter C: ∃x(Cx ∩ x="Silas"). We're committed to the existence of the bound variables (to exist is to be the value of a bound variable) but not of the properties, there doesn't have to be anything like coolness (assuming that was what you were suggesting).

There is an older argument that claims all words must refer to things and thus a word like "cool" must refer to coolness. But I wasn't intending to make that argument (though I didn't say nearly enough in my previous comment to expect everyone to figure that out).