Control Lyapunov functions (CLFs) for the control of dynamical systems have faded from the spotlight over the last years even though their full potential has not been explored yet. To reactivate research on CLFs we review existing results on Lyapunov functions and (nonsmooth) CLFs in the context of stability and stabilization of nonlinear dynamical systems. Moreover, we highlight open problems and results on CLFs for destabilization. The talk concludes with ideas on Complete CLFs, which combine the concepts of stability and instability. The results presented in the talk are illustrated and motivated on the examples of a nonholonomic integrator and Artstein's circles.