We explore whether people’s judgments about the possibility of events are predicted by their knowledge of similar events. Participants read 80 events from a list including events that were ordinary, unusual, and impossible. Participants rated whether the events were possible or whether the events were similar to events they knew to have happened. The averaged ratings for each judgment were strongly correlated, and the correlation remained significant in an analysis limited to a subset of the events that were neither viewed as totally impossible, or as extremely similar to known events. These findings provide preliminary evidence that adults may judge whether events are possible by relying on a memory-based heuristic which aims to identify whether these events are similar to known events.