Classically the immunological ‘Big Bang’ of adaptive immunity was believed to have resulted from the insertion of a transposon into an immunoglobulin superfamily gene member, initiating RAG-based antigen receptor gene rearrangement in an ancestor of jawed vertebrates. However, the discovery of a second, convergent adaptive immune system in jawless fish, focused on the so-called Variable Lymphocyte Receptors (VLR), was arguably the most exciting finding of the past decade in immunology, and has drastically changed the view of immune origins. The recent report of a new lymphocyte lineage in lampreys, defined by the antigen receptor VLRC, suggests that there were three lymphocyte lineages in the common ancestor of jawless and jawed vertebrates that coopted different antigen receptor supertypes. The developmental transcriptional control of these lineages is predicted to be remarkably similar in both the jawless (agnathan) and jawed (gnathostome) systems, suggesting that an early ‘division of labor’ among lymphocytes was a driving force in the emergence of adaptive immunity. The recent cartilaginous fish genome project suggests that most effector cytokines and chemokines were also present, and further studies of the lamprey and hagfish genomes will determine just how explosive the Big Bang actually was.