"Xenophilic" complexes offer metal‐metal bonds between disparate metal sites, but the nature of the metal‐metal bonding is often unclear. Here, we describe two novel complexes with unsupported Fe−Fe bonds, LxFe−Fp (LX = β‐aldiminate or β‐diketiminate; Fp = Fe(CO)2Cp), that offer insight into Fe−Fe bonding. Mössbauer, magnetism, and DFT analysis indicate that the most accurate electronic structure description is LFeII←Fe0(CO)2Cp, in which the Fe(CO)2Cp is low‐spin iron(0) and acts as an X‐type ligand toward the high‐spin iron(II) of the LFe fragment. This largely electrostatic interaction has a bond order of only 0.5. The three‐coordinate high‐spin iron(II) site has large zero‐field splitting, and in addition its Mössbauer parameters can be used to rank the Fp− "metalloligand" as a donor; it is nearly as strong a donor as phosphides and alkyls.