This review focuses on the available experimental and theoretical investigations on noble gas (Ng) endohedral fullerenes, addressing essential questions related to the mutual effects that confinement of one or more Ng atoms induces on the electronic structure, bonding, and different properties of fullerenes. It also summarizes the different contributions to the mechanisms of formation and decomplexation, the reactivity towards Diels–Alder cycloaddition reactions, the chemical bonding situation of Ng endohedral fullerenes, and the interactions that dominate within these systems.