The paper summarizes the results of ethnological research in the village of Maniowy and Kluszkowce on the the phenomenon of the memory of a place lost through the construction of the Czorsztyn–Niedzica–Sromowce Wyżne Reservoir Complex. The attitude of the displaced community toward its lost territory and the process of its cultural and territorial identity development through remembrance narratives and collective memory are analysed. The article also presents the history of the village flooding due to dam construction and the emerging material forms of the community’s adaptation to the newly settled area.