Few mode fibers have recently attracted a lot of attention, because of the prospect of enhanced design flexibility, unique modal properties, and the existence of several simultaneous light-paths in them. After the pioneering experiments by Craig Poole from Bell Labs in 1993, an application that faded away but saw a re-emergence in 2000-2003 was higher order mode dispersion compensation. In this scheme, mode converters are used to selectively propagate the signal in a higher order mode of a few-mode fiber.Demonstrations over the last few years have shown that this novel technology can provide several benefits over the conventional dispersion compensating fiber, such as lower nonlinearity, higher dispersions, potentially lower loss, and most interestingly, a format to realize tunable dispersion compensation devices. It also has attendant tradeoffs arising from the need to manage modal interference, and a complex architecture that may make it more costly. This talk will review the physics and technology of the higher order mode dispersion compensator and discuss its future directions.