Have you ever been labeled as "gifted"?

Do you believe that being labeled as “gifted” or “talented” is a good thing, or a bad thing? Especially in relation to children—those who get pulled out of class for “specialised” teaching or learning: is this a good, beneficial thing? (I often hear some people lamenting about “tracking”: isn’t labeling a child G&T just another form of it?)

Is there such a thing as a “gifted” child? (Is the child “smarter” than other children, or does he/she just process things differently, and think “outside the box”?)

Do you think there is a difference between a “bright” child and a “gifted” child?