The ability of organisms to adapt to fluctuating food conditions is essential for their survival and reproduction. Accumulating energy reserves, such as lipids, in anticipation of harsh conditions, will reduce negative effects of a low food supply. For Hymenoptera and Diptera, several parasitoid species lack adult lipogenesis, and are unable to store excess energy in the form of lipid reserves. The aim of this review is to provide a synthesis of current knowledge regarding the inability to accumulate lipids in parasitoids, leading to new insights and prospects for further research. We will emphasize physiological mechanisms underlying lack of lipogenesis, the evolution of this adaptation in parasitoids and its biological implications with regard to life history traits. We suggest the occurrence of lack of lipogenesis in parasitoids to be dependent on the extent of host exploitation through metabolic manipulation. Currently available data shows lack of lipogenesis to have evolved independently at least twice, in parasitic Hymenoptera and Diptera. The underlying genetic mechanism, however, remains to be solved. Furthermore, due to the inability to replenish adult fat reserves, parasitoids are severely constrained in resource allocation strategies, in particular the trade-off between survival and reproduction.