Nanotechnology is used frequently in marketing skin care goods, and whereas the word sounds as if it belongs in robotics and science fiction, it is rapidly becoming common in medicine and skin care. As few people actually recognize what the technology, benefits, or possible implications of its use are, we determined to outline them. The type of nanotechnology that is most significant in cosmetics, skin care and health products is the use of nanoparticles (or Bucky balls as they are known in manufacturing), and a particular kind of these nanoparticles have been touted as the next generation of liposomes. Nanoliposomes is one of the most recognized names for the nanoparticles used in skin care and cosmetic products, and we are also familiar with the term liposome, so this connection between the two is the perhaps the best way to clarify what nanoliposomes are. In this article, some of the techniques for their production are reviewed. Common methods of nanoliposome preparation are discussed.