  Ever since their discovery in the 1970's, UltraLuminous InfraRed Galaxies
(ULIRGs; classically Lir>10^12Lsun) have fascinated astronomers with their
immense luminosities, and frustrated them due to their singularly opaque
nature, almost in equal measure. Over the last decade, however, comprehensive
observations from the X-ray through to the radio have produced a consensus
picture of local ULIRGs, showing that they are mergers between gas rich
galaxies, where the interaction triggers some combination of dust-enshrouded
starburst and AGN activity, with the starburst usually dominating. Very recent
results have thrown ULIRGs even further to the fore. Originally they were
thought of as little more than a local oddity, but the latest IR surveys have
shown that ULIRGs are vastly more numerous at high redshift, and tantalizing
suggestions of physical differences between high and low redshift ULIRGs hint
at differences in their formation modes and local environment. In this review
we look at recent progress on understanding the physics and evolution of local
ULIRGs, the contribution of high redshift ULIRGs to the cosmic infrared
background and the global history of star formation, and the role of ULIRGs as
diagnostics of the formation of massive galaxies and large-scale structures.
