In the last 20 years, about a thousand articles and reviews about oral lipid carriers have been reported. Many dosage forms have been made by modifying liposome, sometimes to overcome a disadvantage and at other times to modify the dosage form in such a manner so as to suit the requirement of the drug molecules. Various other lipidic drug delivery systems also exist which are not vesicular but being made of lipids, are equally useful for delivering lipophilic drugs. Although a Lipid Formulation Classification System exists, but there is no exhaustive review which discusses the entire lipid based, oral nanoformulations. The present review envisages discussing the various types of oral, lipid, nanosized, delivery systems available, so that an insight is gained into all these carriers, and the formulation scientist can make a judicious decision regarding choice of a lipid based carrier.