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In the mid-1990s, it was discovered that tris(pentafluorophenyl)borane, B(C(6)F(5))(3), was an effective catalyst for hydrosilylation of a variety of carbonyl and imine functions. Mechanistic studies revealed a counterintuitive path in which the function of the borane was to activate the silane rather than the organic substrate. This was the first example of what has come to be known as "frustrated Lewis pair" chemistry utilizing this remarkable class of electrophilic boranes. Subsequent discoveries by the groups of Stephan and Erker showed that this could be extended to the activation of dihydrogen, initiating an intense period of activity in this area in the past 5 years. This article describes the early hydrosilylation chemistry and its subsequent applications to a variety of transformations of importance to organic and inorganic chemists, drawing parallels with the more recent hydrogen activation chemistry. Here, we emphasize the current understanding of the mechanism of this process rather than focusing on the many and emerging applications of hydrogen activation by fluoroarylborane-based frustrated Lewis pair systems., (© 2011 American Chemical Society)