We investigate the properties of a class of near-extreme static black
hole solutions called naked black holes. These black holes, which occu
r in string theory, have small curvature invariants but large tidal fo
rces outside their event horizons. We show that these large tidal forc
es are due to a concentration of dilaton stress-energy near the horizo
n. We study infalling test strings and find that they are highly excit
ed by the large tidal forces, but remain small. Perhaps most important
ly, it turns out that a small amount of infalling matter will cause th
e curvature invariants to become large outside the horizon. Neverthele
ss, an exact calculation shows that both the matter trajectories and t
he classical black hole background are not significantly altered.