Wire electrochemical machining (WECM) is a recently introduced fabrication process which is yet to be fully investigated. Preliminary studies have shown that it offers superior feasibility and capability concerning the fabrication of various microfeatures. More extensive investigations are needed to discover any associated problems with the process and to extend its applicability and efficiency by determining its limitations in order to make this process a successful fabrication technique not only in microdomains but also for macro fabrications as well. Here we begin with a detailed overview of the fundamental and technological aspects of the WECM process. We then discuss its mass transfer strategies and kinematics, which are equally important as associated operating parameters, as well as the apparatus, materials, and machining conditions, challenges, and applications. Finally, we note recent advances to guide upcoming research attempts and future investigations aimed at making this anodic dissolution process proficient and established.