Our present understanding of intracellular protein degradation developed fr
om an attempt to understand the metabolic stability of proteins in cells. W
ith the unravelling of its complex biochemical machinery has come a realiza
tion that protein degradation plays an important role in the most crucial e
vents in the cell cycle, in signal transduction and in maintaining the inte
grity of the proper folded state of proteins. In this review, I attempt to
trace the curious history of intracellular protein degradation, its novel a
nd elegant biochemistry and to extract the features that might be important
for the next era of studies in cell physiology.