Vertically aligned carbon nanotubes (VACNTs) are one dimensional carbon objects anchored atop of a solid substrate. They are geometrically fixed in contrast to their counterparts, randomly oriented carbon nanotubes (CNTs). In this progress report, the breadth in which these one dimensional, mechanically flexible, though robust and electrical conducting carbon nanostructures can be employed as functional material is shown and our research is put in perspective to work in the last five to ten years. The connection between the different areas touched in this report is the biomimetic‐materials approach, which rely on the hairy morphology of VACNTs. These properties in connection with their electrical conductivity offer possibilities towards new functional features and applications of VACNTs. To appreciate the possibilities of biomimetic research with VACNTs, first their material characteristics are given to make the reader familiar with specific features of their synthesis, the peculiarities in arranging and controlling the morphology of CNTs in a vertical alignment as well as a current understanding of these properties on a microscopic basis. In doing so, similarities as well as differences, which offer new possibilities for biomimetic studies of VACNTS with respect to multiwalled randomly oriented CNTs, will become clear.