The flying lizards of the genus Draco are among the most remarkable and successful clades of gliding vertebrates. Here, we evaluate the evolution of gliding in Draco and other lizards, describe the suite of morphological innovations that characterize Draco, discuss the ecological context of gliding in this genus, describe functions of their patagial membranes that are not related to gliding, and summarize the interspecific allometry of the Draco gliding apparatus, as well as the corresponding consequences for their now empirically quantified gliding performance. Several fossil reptilian lineages had morphologies similar to that of modern Draco, with patagial membranes supported by elongated ribs or rib-like dermal structures. Using Draco's snout-vent length/mass relationships, we provide improved estimates of wing loading for three of these fossil gliders (Icarosaurus seifkeri, Kuehneosaurus sp., Coelurosauravus elivensis) and then estimate absolute gliding performance for each taxon by extrapolating from Draco's wing loading/glide performance relationship. We find that I. seifkeri likely represented the best nonflapping terrestrial vertebrate glider yet described, whereas the larger Kuehneosaurus and Coelurosauravus probably required high descent velocities to achieve sufficient lift for gliding, with commensurately greater height loss with each glide.