Abstract. We use the Cayley Trick to study polyhedral subdivisions of the product of two simplices. For arbitrary (fixed) l ≥ 2, we show that the numbers of regular and non-regular triangulations of ∆ l × ∆ k grow, respectively, asFor the special case of ∆ 2 × ∆ k , we relate triangulations to certain class of lozenge tilings. This allows us to compute the exact number of triangulations up to k = 15, show that the number grows as e βk 2 /2+o(k 2 ) where β ≃ 0.32309594 and prove that the set of all triangulations is connected under geometric bistellar flips. The latter has as a corollary that the toric Hilbert scheme of the determinantal ideal of 2×2 minors of a 3×k matrix is connected, for every k.We include "Cayley Trick pictures" of all the triangulations of ∆ 2 × ∆ 2 and ∆ 2 × ∆ 3 , as well as one non-regular triangulation of ∆ 2 × ∆ 5 and another of ∆ 3 × ∆ 3 .