Stemflow is a spatially localized point input of precipitation and solutes at the plant stem and is of hydrological and ecological significance in forested and agricultural ecosystems. The purpose of this review is to: (1) critically evaluate our current understanding of stemflow; (2) identify gaps in our present knowledge of stemflow; and (3) stimulate further research in areas where present knowledge is weak. The review begins by analyzing stemflow drainage and nutrient inputs under diverse vegetal cover. Stemflow inputs are then examined as a function of meteorological conditions, seasonality, interspecific and intraspecific differences among and within species, canopy structure, spatiality, and atmospheric pollutants in urban environments. Stemflow modeling studies are also reviewed and evaluated. Stemflow yield and chemistry are the result of the interaction of the many complex variables listed. By analyzing each separately, it may be possible to isolate their individual affects on stemflow production and chemistry. A comprehensive understanding of each influencing factor would enable the accurate modeling of stemflow water and nutrient inputs into agricultural and forest soils which may result in the optimization of timber and crop harvests. Some areas where present knowledge is particularly weak are: (1) stemflow production and nutrient transfers in northern boreal forests (aspen, birch, conifers) and desert cacti; (2) chemical enrichment of stemflow from live trees charred by forest fires; (3) stemflow yield and nutrient inputs during the winter season; (4) intraspecific variation in stemflow production and chemistry; (5) stemflow chemistry from standing dead trees; (6) influence of canopy structure on stemflow chemistry; (7) understory stemflow generation and nutrient transfer; and (8) stemflow enrichment associated with insect infestations.