Humans and other mammals have three main fat depots - visceral white fat, subcutaneous white fat, and brown fat - each possessing unique cell-autonomous properties. In contrast to visceral fat which can induce detrimental metabolic effects, subcutaneous white fat and brown fat have potential beneficial metabolic effects, including improved glucose homeostasis and increased energy consumption, which might be transferred by transplantation of these fat tissues. In addition, fat contains adipose-derived stem cells that have been shown to have multilineage properties which may be of value in repair or replacement of various cell lineages. Thus, transplantation of fat is now being explored as a possible tool to capture the beneficial metabolic effects of subcutaneous white fat, brown fat, and adipose-derived stem cells. Currently, fat transplantation has been explored primarily as a tool to study physiology, with the only application to humans being reconstructive surgery. Ultimately, the application of fat transplantation for treatment of obesity and metabolic disorders will reside in the level of safety, reliability, and efficacy when compared to other treatments.