In the light of recent discoveries in the field of living polymerizations it seems inevitable to reconsider our views on these polymerization systems. This paper surveys the kinetic and mechanistic similarities in living polymerizations, and analyses and compares chain transfer dominated nonliving polymerizations and living systems to conclude on the nature of propagating species, shelflife and livingness. Some recently raised specific problems are also summarized and discussed. It has been found that most of the living polymerizations known to date, such as living anionic, cationic ring opening, group transfer, carbocationic, ring opening metathesis, Ziegler-Natta, free radical and immortal polymerizations, exhibit the characteristics of quasiliving polymerization, i.e., an equilibrium exists between propagating (active) and inactive (dormant) species. On the basis of this finding and a comparison between mechanistic and kinetic models of quasiliving and ideal living polymerizations, it is suggested that the former is the general phenomenon, and ideal living polymerization is a subclass of quasiliving polymerizations.