In The Complete Handbook of Everyday Christianity, art. ‘Spiritual Gifts’, Fee and Stevens compare popular understandings of spiritual gifts with (what they regard as) the biblical reality:

Myth: spiritual gifts are given at the time of conversion and do not change during one’s lifetime.

Reality: the biblical data affirm that gifts may be temporary or long-term.

Myth: Christian maturation is hampered if we do not know what our gift is.

Reality: being able to identify our gift is not as important as making sure our personal ministry edifies others.

Myth: our gift defines our identity (“I am a teacher”).

Reality: our identity is found in relation to Christ and his people as a child of God rather than in what we do.

Myth: gifts are primarily linked to roles and offices in the church.

Reality: gifts are not usually related to specific roles and offices in church leadership (though sometimes they are).

Myth: the more extraordinary gifts are indications of advanced spiritual life.

Reality: the more visible gifts, while valuable, are not more valuable than less visible gifts since love (1 Cor. 13) is the way gifts are best expressed.

Myth: gifts have little to do with our natural capabilities (sometimes called talents).

Reality: the work of the Spirit in our lives turns persons-as-a-whole into gifts.

Myth: gifts concern the spirit of a person (generally people talk of spiritual gifts but not of Spirit gifts).

Reality: gifts are not properties of the human spirit but the gracious working of the Spirit through persons (and therefore are better described as gifts of the Spirit or Spirit gifts)

Myth: gifts define the character of the personal ministry of each Christian.

Reality: personal ministry is defined by service and love directed to the glory of God and the upbuilding of the saints.

Myth: emphasis on spiritual gifts may threaten the unity of the church.

Reality: instead of causing disunity, the diversity of Spirit expressions is necessary for the rich unity of the people of God.

Myth: the lists of gifts in the New Testament are definitive and exhaustive.

Reality: the various New Testament lists of gifts point to a great variety and to possibilities not even listed.

(Substantially verbatim, but reformatted)