Recent theoretical developments linking degradation to the thermodynamic concept of entropy have allowed a new approach to modeling all types of degradation. The theory has been successfully applied to wear, fatigue, and numerous other forms of degradation and experimentation has confirmed its applicability to modeling the mechanical degradation of lubricating grease. This paper overviews the mechanical degradation of grease, discusses past and present modeling techniques, shows how new techniques can be used to predict grease life, and provides suggestions for future research.