Soil is one of the major habitats of bacteria and fungi. In this arena their interactions are part of a communication network that keeps microhabitats in balance. Prominent mediator molecules of these inter- and intraorganismic relationships are inorganic and organic microbial volatile compounds (mVOCs). In this review the state of the art regarding the wealth of mVOC emission is presented. To date, ca. 300 bacteria and fungi were described as VOC producers and approximately 800 mVOCs were compiled in DOVE-MO (database of volatiles emitted by microorganisms). Furthermore, this paper summarizes morphological and phenotypical alterations and reactions that occur in the organisms due to the presence of mVOCs. These effects might provide clues for elucidating the biological and ecological significance of mVOC emissions and will help to unravel the entirety of belowground' volatile-wired' interactions.