The weight function method is a powerful method for the determination of key parameters of stress intensity factors and crack opening displacements that are fundamental for crack analyses in fracture mechanics. The method has a remarkable computational efficiency without compromising solution accuracy and is especially suited for cracks in real‐world components with complex stress gradients. A critical issue for successful development and reliable application of the weight function method is how to achieve verifiable and high solution accuracy. This paper provides several reflections on the current state of the art in weight function methods, including a brief historical perspective and description of several analytical and numerical weight methods, with main focus on the two‐dimensional (2D) analytical approaches. A variety of typical application examples are presented. A platform for point‐by‐point accuracy assessment by using the Green's functions is established on a completely independent numerical approach with validated accuracy. Rigorous and systematic verification of the accuracy levels of different 2D analytical weight function approaches are conducted using several benchmark crack geometries. The sources of inaccuracy of different analytical weight function methods are analysed. A brief account on weight function methods for analysing three‐dimensional (3D) crack problems with arbitrary univariant and bivariant stress distributions is provided.