Multiparticle collision dynamics describes the interactions in a many-body system in terms of effective collisions that occur at discrete time intervals. Although the dynamics is a simplified representation of real dynamics, it conserves mass, momentum, and energy and preserves phase space volumes. Consequently, it retains many of the basic characteristics of classical Newtonian dynamics. The statistical mechanical basis of multiparticle collision dynamics is well established. Starting with the specification of the dynamics and the collision model, one may verify its dynamical properties, derive macroscopic laws, and, perhaps most importantly, obtain expressions for the transport coefficients. These features distinguish MPC dynamics from a number of other mesoscopic schemes. In order to describe solute motion in solution, MPC dynamics may be combined with molecular dynamics to construct hybrid schemes that can be used to explore a variety of phenomena. The fact that hydrodynamic interactions are properly accounted for in hybrid MPC-MD dynamics makes it a useful tool for the investigation of polymer and colloid dynamics. Since it is a particle-based scheme it incorporates fluctuations so that the reactive and nonreactive dynamics in small systems where such effects are important can be studied. The dynamical regimes that may be explored using this method have been described by considering the range of dimensionless numbers, such as the Reynolds number, Schmidt number, Peclet number, and the dimensionless mean free path, which are accessible in simulations. With such knowledge one may map MPC dynamics onto the dynamics of real systems or explore systems with similar characteristics. The applications of MPC dynamics to studies of fluid flow and polymeric, colloidal, and reacting systems have confirmed its utility. The basic model has already been extended to treat more complex phenomena such as phase separating and immiscible mixtures. These developments are still at an early stage, both in terms of the theoretical underpinnings of the models and the applications that can be considered. Further research along such lines will provide even more powerful mesoscopic simulation tools for the study of complex systems. Copyright © 2008 John Wiley & Sons, Inc.