We review the current status of fuzzy-trace theory. The presentation is organized around five topics. First, theoretical ideas that immediately preceded the development of fuzzy-trace theory are sketched. Second, experimental findings that challenged those ideas (e.g., memory-reasoning independence, the intuitive nature of mature reasoning) are summarized. Third, the core assumptions that comprised the initial version of fuzzy-trace theory are described. Fourth, some modifications to those assumptions are explored that were necessitated by subsequent experimental findings. Fifth, four areas of experimentation are considered in which research under the aegis of fuzzy-trace theory is in progress: (a) suggestibility and false memories; (b) judgment and decision making; (c) the development of forgetting; and (d) the development of retrieval.