Virtual memory T (T_VM) cells are a recently described population of conventional CD8⁺ T cells that, in spite of their antigen inexperience, express markers of T cell activation. T_VM cells exhibit rapid responsiveness to both antigen-specific and innate stimuli in youth but acquire intrinsic antigen-specific response defects in the elderly. In this article, we review how the identification of T_VM cells necessitates a re-evaluation of accepted paradigms for conventional memory T (T_MEM) cells, the potential for heterogeneity within the T_VM population, and the defining characteristics of T_VM cells. Further, we highlight recent literature documenting the development of T_VM cells as a distinct CD8⁺ T cell lineage as well their biological significance in the context of disease.