diff --git a/src/main/java/com/samskivert/mustache/Template.java b/src/main/java/com/samskivert/mustache/Template.java
index 9a1587f..5042a05 100644
--- a/src/main/java/com/samskivert/mustache/Template.java
+++ b/src/main/java/com/samskivert/mustache/Template.java
@@ -47,6 +47,13 @@ public class Template
           * provided context will be nested in the fragment's bound context. */
         public abstract void execute (Object context, Writer out);
 
+        /** Executes {@code tmpl} using this fragment's bound context. This allows a lambda to
+          * resolve its fragment to a dynamically loaded template and then run that template with
+          * the same context as the lamda, allowing a lambda to act as a 'late bound' included
+          * template, i.e. you can decide which template to include based on information in the
+          * context. */
+        public abstract void executeTemplate (Template tmpl, Writer out);
+
         /** Executes this fragment and returns its result as a string. */
         public String execute () {
             StringWriter out = new StringWriter();
@@ -159,6 +166,9 @@ public class Template
             @Override public void execute (Object context, Writer out) {
                 execute(currentCtx.nest(context), out);
             }
+            @Override public void executeTemplate (Template tmpl, Writer out) {
+                tmpl.executeSegs(currentCtx, out);
+            }
             @Override public Object context () {
                 return currentCtx.data;
             }
diff --git a/src/test/java/com/samskivert/mustache/SharedTests.java b/src/test/java/com/samskivert/mustache/SharedTests.java
index 016a7d5..a3d0209 100644
--- a/src/test/java/com/samskivert/mustache/SharedTests.java
+++ b/src/test/java/com/samskivert/mustache/SharedTests.java
@@ -649,6 +649,26 @@ public abstract class SharedTests extends GWTTestCase
              }));
     }
 
+    @Test public void testLambdaFragExecTemplate () {
+        Template a = Mustache.compiler().compile("{{value}} should be A");
+        Template b = Mustache.compiler().compile("{{value}} should be B");
+        Mustache.Lambda lambda = new Mustache.Lambda() {
+            public void execute (Template.Fragment frag, Writer out) {
+                String which = frag.execute();
+                if (which.equals("A")) {
+                    frag.executeTemplate(a, out);
+                } else if (which.equals("B")) {
+                    frag.executeTemplate(b, out);
+                } else {
+                    throw new AssertionError("Invalid fragment content: " + which);
+                }
+            }
+        };
+        String tmpl = "[{{#lam}}{{value}}{{/lam}}]";
+        test("[A should be A]", tmpl, context("lam", lambda, "value", "A"));
+        test("[B should be B]", tmpl, context("lam", lambda, "value", "B"));
+    }
+
     @Test public void testNonStandardDefaultDelims () {
         test(Mustache.compiler().withDelims("<% %>"), "bar", "<%foo%>", context("foo", "bar"));
     }