Since the explosion of social scientific and sociological research on BDSM in the late 1990s and early 2000s, the field has grown exponentially. In this review, I identify three particularly fruitful recent lines of research in sociological and related approaches to BDSM. First, I discuss work that critically analyzes the meaning(s) of BDSM for participants and the role of debates about the sexual and the erotic in relation to BDSM. Second, I discuss work on BDSM identities, including scholarship that examines BDSM identities in relation to other identities. Here, I also discuss emerging lines of scholarship that focus on the ways in which privileges (particularly race/ethnicity and class) shape identification with and access to BDSM communities. Third, I discuss work on BDSM communities, examining the ways that community organization shapes BDSM experiences. I conclude with suggestions for future research in the field including deepening and broadening intersectional analyses of BDSM experiences, exploring specialized roles and identities that exist within the broader BDSM umbrella, and investigating similarities and differences between those who participate in BDSM on a time‐limited basis versus those for whom BDSM is an ongoing, continual core aspect of identity.