Summary Stomata are cellular breathing pores on leaves that open and close to absorb photosynthetic carbon dioxide and to restrict water loss through transpiration, respectively. Grasses (Poaceae) form morphologically innovative stomata, which consist of two dumbbell‐shaped guard cells flanked by two lateral subsidiary cells (SCs). This ‘graminoid’ morphology is associated with faster stomatal movements leading to more water‐efficient gas exchange in changing environments. Here, we offer a genetic and mechanistic perspective on the unique graminoid form of grass stomata and the developmental innovations during stomatal cell lineage initiation, recruitment of SCs and stomatal morphogenesis. Furthermore, the functional consequences of the four‐celled, graminoid stomatal morphology are summarized. We compile the identified players relevant for stomatal opening and closing in grasses, and discuss possible mechanisms leading to cell‐type‐specific regulation of osmotic potential and turgor. In conclusion, we propose that the investigation of functionally superior grass stomata might reveal routes to improve water‐stress resilience of agriculturally relevant plants in a changing climate. Significance Statement A key challenge for plants is to efficiently use water, particularly when growing in a hot and dry climate. Stomata – cellular breathing pores on leaves that mediate gas exchange between plant and atmosphere – have a pivotal role in controlling water‐use efficiency. Stomata can adjust their pore size to balance carbon dioxide uptake with water vapour loss. Interestingly, grasses like the three most important food crops rice, maize and wheat have improved stomata that can regulate water use more efficiently by opening and closing faster than other plants. Rapid stomatal movements are linked to the grass stomata's unique morphology consisting of dumbbell‐shaped guard cells and lateral subsidiary or helper cells. Recently, work on domesticated and wild grass species has started to reveal some of the secrets regarding how grass stomata form and function more efficiently.