The vacuum cathodic arc has been known to provide a means of producing coatings since the second half of the 19th century. This makes it one of the oldest known means for making coatings in a vacuum. In the last century it has been recognized that the copious quantities of ions produced by the process offers certain advantages in terms of coating properties. Specifically, ions can be steered and/or accelerated toward the parts to be coated. This, in turn, can provide enhanced adhesion, film density, and composition stoichiometry in the case of compound coatings. The ions generated by the cathodic arc have high 'natural' kinetic energy values in the range 20-200 eV, leading to enhanced surface mobility during the deposition process and even ion subplantation. In many cases, dense coatings are achieved even when non-normal arrival angles are involved. The ion energy can further manipulated by the plasma immersion biasing technique. The issue of macroparticle contamination has been addressed by a variety of novel plasma filters. In spite of all of these advantages, this deposition technique has not been widely adopted in the western nations for commercial coating except in the case of enhancing the performance of cutting tools. The purpose of the this review is to explore reasons for this lack of general use of the technology and to point out some encouraging recent developments which may lead to its accelerated adoption for a much wider variety of applications in the near future.