Stretchable electroluminescent (EL) devices are obtained by partitioning a large emission area into areas specifically for stretching and light‐emission (island–bridge structure). Buckled and textile structures are also shown effective to combine the conventional light emitting diode fabrication with elastic substrates for structure‐enabled stretchable EL devices. Meanwhile, intrinsically stretchable EL devices which are characterized with uniform stretchability down to microscopic scale are relatively less developed but promise simpler device structure and higher impact resistance. The challenges in fabricating intrinsically stretchable EL devices with high and robust performance are in many facets, including stretchable conductors, emissive materials, and compatible processes. For the stretchable transparent electrode, ionically conductive gel, conductive polymer coating, and conductor network in surface of elastomer are all proven useful. The stretchable EL materials are currently limited to conjugated polymers, conjugated polymers with surfactants and ionic conductors added to boost stretchability, and phosphor particles embedded in elastomer matrices. These emissive materials operate under different mechanisms, require different electrode materials and fabrication processes, and the corresponding EL devices face distinctive challenges. This review aims to provide a basic understanding of the materials meeting both the mechanical and electronic requirements and important techniques to fabricate the stretchable EL devices.