Lubricants are extensively used between contacting surfaces to reduce friction and wear. Typically, liquid lubricants are used to achieve low friction and wear. However, these lubricants are not effective in elevated temperature applications or vacuum environments. For these reasons, solid lubricants are utilized to meet these operational needs, where liquid lubrication is impractical. Solid lubricants are only effective as long as they are present in the tribo-interface. Therefore, it is desirable to provide a constant supply of solid lubricant material to the contacting surface. This is often achieved by incorporating solid lubricants as a second phase in the base material. These composite materials have the ability to achieve low friction and wear at the contact surfaces without any external supply of lubrication during sliding. Metal matrix composites reinforced with lamellar solid lubricant particles such as graphite are being used as self-lubricating materials for various engineering applications. In this chapter, the tribological behavior of metal and ceramic matrix composites reinforced with graphite particles has been reviewed. More specifically, copper-graphite, nickel-graphite, magnesiumgraphite, silver-graphite, aluminum-graphite, silicon nitride-graphite, and alumina-graphite composites are studied. The influence of various environmental and mechanical parameters on the friction coefficient and wear rate is discussed. It was found that the amount of graphite released on the worn surface forms a thin transfer film on the contact surfaces. This transfer film reduces the overall friction coefficient and wear rate. The presence of the graphite-based transfer film increases the seizure resistance and enables the contacting surfaces to run under boundary lubrication without galling. The formation and retention of this transfer film on the sliding surface as well as its composition, area fraction, thickness, and hardness are important factors in controlling the friction and wear behavior of the material. The effectiveness of the transfer film also depends on the nature of the sliding surface, the test condition, environment, and the graphite content in the composite.