In the past two-dimensional models of QFT have served as theoretical laboratories for testing new concepts under mathematically controllable condition. In more recent times low-dimensional models (e.g., chiral models, factorizing models) often have been treated by special recipes in a way which sometimes led to a loss of unity of QFT. In the present work, I try to counteract this apartheid tendency by reviewing past results within the setting of the general principles of QFT. To this I add two new ideas: (1) a modular interpretation of the chiral model Diff(S)-covariance with a close connection to the recently formulated local covariance principle for QFT in curved spacetime and (2) a derivation of the chiral model temperature duality from a suitable operator formulation of the angular Wick rotation (in analogy to the Nelson-Symanzik duality in the Ostertwalder-Schrader setting) for rational chiral theories. The SL (2, Z) modular Verlinde relation is a special case of this thermal duality and (within the family of rational models) the matrix S appearing in the thermal duality relation becomes identified with the statistics character matrix S. The relevant angular ''Euclideanization'' is done in the setting of the Tomita-Takesaki modular formalism of operator algebras. I find it appropriate to dedicate this work to the memory of J.A. Swieca with whom I shared the interest in two-dimensional models as a testing ground for QFT for more than one decade. This is a significantly extended version of an ''Encyclopedia of Mathematical Physics'' contribution hep-th/0502125.