The purpose of the review is to provide new insight into the potential of surface modification of carbon fibers for enhancing the application of the carbon fibers many a fold. To this end a total of 429 papers on the subject of surface modication of carbon fibers by a variety of chemical and electrochemical methods published during the period from 2010-2022 have been reviewed. Astounding results of surface funcationalization of carbon fibers by a variety of state of the art methods resulting in the unconventional applications of the resulting modified carbon fibers are summarized in a nut-shell in schemes from 1-6 towards the end of the review. Surface modifica-tion induces functionality to carbon fibers (CFs). The vitality of CF surface modification reac-tions could only be compared to the life process of respiration that sustains the multi functional-ity of living cells. Applicability of CFs can be drastically enhanced in incomprehensible ways by surface modification. Upon surface modification, inert and non-reactive CF surface becomes chemically active and functional with utility in diverse fields, namely, health, energy, environ-ment, defense, catalysis, smart materials and many others. Surface modification methods can be broadly classified into chemical, electrochemical and physical methods. By these surface modi-fication methods, the inert FC surface becomes polar. Surface properties like roughness, wetta-bility and energy are enhanced. Modification processes like sizing, oxidation, amination, si-lanization, polymerization, nanoarchitecture induces multifunctionality on CF surface. Modi-fied CFs when used as reinforcing material in carbon fiber reinforced plastics (CFRPs), im-proved bonding at the interface with resin matrices is observed with enhanced and outstanding mechanical properties (flexural strength, flexural modulus, IFSS, ILSS, hardness, elastic modulus, bending strength and compression strength).