Acyclic diene metathesis (ADMET) polymerization is a powerful and versatile technique for creating precision polymers. Specialized and well-defined materials, as well as improved understanding of structure–property relationships, can be achieved by ADMET polymerization of designed symmetrical monomer structures. The introduction of functional groups into ADMET polymers, from polar groups to biodegradable moieties, has resulted in an array of precision functional materials with distinct properties and interesting applications.