Combinations of liquid crystals and materials with unique features as well as properties at the nanoscale are reviewed. Particular attention is paid to recent developments, i.e., since 2007, in areas ranging from liquid crystal-nanoparticle dispersions to nanomaterials forming liquid crystalline phases after surface modification with mesogenic or promesogenic moieties. Experimental and synthetic approaches are summarized, design strategies compared, and potential as well as existing applications discussed. Finally, a critical outlook into the future of this fascinating field of liquid crystal research is provided.