Intrinsically conducting polymers may undergo significant changes of molecular structure and material properties when exposed to highly oxidizing conditions or very positive electrode potentials, commonly called overoxidation. The type and extent of the changes depend on the experimental conditions and chemical environment. They may proceed already at much lower rates at lower electrode potentials because some of the processes associated with overoxidation are closely related to more or less reversible redox processes employed in electrochemical energy conversion and electrochromism. These changes may be welcome for some applications of these polymers in sensors, extraction, and surface functionalization, but in many cases, the change of properties affects the performance of the material negatively, contributing to material and device degradation. This report presents published examples, experimental observations, and their interpretations in terms of both structural and of material property changes. Options to limit and suppress overoxidation are presented, and useful applications are described extensively.