This Review offers a comprehensive review of the colloidal synthesis, mechanistic understanding, physicochemical properties, and applications of one-dimensional (1D) metal nanostructures. After a brief introduction to the different types of 1D nanostructures, we discuss major concepts and methods typically involved in a colloidal synthesis of 1D metal nanostructures, as well as the current mechanistic understanding of how the nanostructures are formed. We then highlight how experimental studies and computational simulations have expanded our knowledge of how and why 1D metal nanostructures grow. Following specific examples of syntheses for monometallic, multimetallic, and heterostructured systems, we showcase how the unique structure-property relationships of 1D metal nanostructures have enabled a broad spectrum of applications, including sensing, imaging, plasmonics, photonics, display, thermal management, and catalysis. Throughout our discussion, we also offer perspectives with regard to the future directions of development for this class of nanomaterials.