Considerable progress in materials development and device integration for mechanically bendable and stretchable optoelectronics will broaden the application of “Internet‐of‐Things” concepts to a myriad of new applications. When addressing the needs associated with the human body, such as the detection of mechanical functions, monitoring of health parameters, and integration with human tissues, optoelectronic devices, interconnects/circuits enabling their functions, and the core passive components from which the whole system is built must sustain different degrees of mechanical stresses. Herein, the basic characteristics and performance of several of these devices are reported, particularly focusing on the conducting element constituting them. Among these devices, strain sensors of different types, energy storage elements, and power/energy storage and generators are included. Specifically, the advances during the past 3 years are reported, wherein mechanically flexible conducting elements are fabricated from (0D, 1D, and 2D) conducting nanomaterials from metals (e.g., Au nanoparticles, Ag flakes, Cu nanowires), carbon nanotubes/nanofibers, 2D conductors (e.g., graphene, MoS2), metal oxides (e.g., Zn nanorods), and conducting polymers (e.g., poly(3,4‐ethylenedioxythiophene):poly(4‐styrene sulfonate), polyaniline) in combination with passive fibrotic and elastomeric materials enabling, after integration, the so‐called electronic skins and electronic textiles.