Functional polymeric materials have seen their way into every facet of materials chemistry and engineering. In this review article, we focus on a promising class of polymers, poly(aryleneethynylene)s, by covering several of the numerous applications found thus far for these materials. Additionally, we survey the current synthetic strategies used to create these polymers, with a focus on the emerging technique of alkyne metathesis. An overview is presented of the most recent catalytic systems that support alkyne metathesis as well as the more useful alkyne metathesis reaction capable of synthesizing poly(aryleneethynylene)s.