Interfacial polymerization, where a chemical reaction is confined at the liquid–liquid or liquid–air interface, exhibits a strong advantage for the controllable fabrication of films, capsules, and fibers for use as separation membranes and electrode materials. Recent developments in technology and polymer chemistry have brought new vigor to interfacial polymerization. Here, we consider the history of interfacial polymerization in terms of the polymerization types: interfacial polycondensation, interfacial polyaddition, interfacial oxidative polymerization, interfacial polycoordination, interfacial supramolecular polymerization, and some others. The accordingly emerging functional materials are highlighted, as well as the challenges and opportunities brought by new technologies for interfacial polymerization. Interfacial polymerization will no doubt keep on developing and producing a series of fascinating functional materials.