There has been an explosion of interest in ionic liquids in the last five years that has resulted in the discovery of a vast number of new ionic liquids with a wide range of interesting applications. Although ionic liquids are invariably described as highly stable green solvents, thorough investigations quantifying their purity, stability, biodegradability, and toxicity have lagged behind the pace of other research in the area. This review addresses these key issues and summarizes the approaches that have been developed for recycling ionic liquids.