Voltage-gated potassium channels of the K V 7 family are expressed in many tissues. The physiological importance of K V 7 channels is evident from specific forms of disorders linked to dysfunctional K V 7 channels, including variants of epilepsy, cardiac arrhythmia and hearing impairment. Thus, understanding how K V 7 channels are regulated in the body is of great interest. This Mini Review focuses on the effects of polyunsaturated fatty acids (PUFAs) on K V 7 channel activity and possible underlying mechanisms of action. By summarizing reported effects of PUFAs on K V 7 channels and native K V 7-mediated currents, we conclude that the generally observed effect is a PUFA-induced increase in current amplitude. The increase in current is commonly associated with a shift in the voltage-dependence of channel opening and in some cases with increased maximum conductance. Auxiliary KCNE subunits, which associate with K V 7 channels in certain tissues, may influence PUFA effects, though findings are conflicting. Both direct and indirect activating PUFA effects have been described, direct effects having been most extensively studied on K V 7.1. The negative charge of the PUFA head-group has been identified as critical for electrostatic interaction with conserved positively charged amino acids in transmembrane segments 4 and 6. Additionally, the localization of double bonds in the PUFA tail tunes the apparent affinity of PUFAs to K V 7.1. Indirect effects include those mediated by PUFA metabolites. Indirect inhibitory effects involve K V 7 channel degradation and redistribution from lipid rafts. Understanding how PUFAs regulate K V 7 channels may provide insight into physiological regulation of K V 7 channels and bring forth new therapeutic strategies.