diff --git a/config/build.config.js b/config/build.config.js
index b40f931bdf7..c5988350480 100644
--- a/config/build.config.js
+++ b/config/build.config.js
@@ -94,6 +94,7 @@ module.exports = {
       'src/components/tabs/js/*.js',
       'src/components/toast/toast.js',
       'src/components/toolbar/toolbar.js',
+      'src/components/tooltip/tooltip.js',
       'src/components/whiteframe/whiteframe.js',
       'src/components/divider/divider.js',
       'src/components/linearProgress/linearProgress.js',
diff --git a/src/components/content/content.js b/src/components/content/content.js
index dc5e3ff531f..e130ef495ff 100644
--- a/src/components/content/content.js
+++ b/src/components/content/content.js
@@ -33,9 +33,13 @@ angular.module('material.components.content', [
 function materialContentDirective() {
   return {
     restrict: 'E',
-    controller: angular.noop,
+    controller: ['$element', ContentController],
     link: function($scope, $element, $attr) {
       $scope.$broadcast('$materialContentLoaded', $element);
     }
   };
+
+  function ContentController($element) {
+    this.$element = $element;
+  }
 }
diff --git a/src/components/tooltip/README.md b/src/components/tooltip/README.md
new file mode 100644
index 00000000000..b2f729403d4
--- /dev/null
+++ b/src/components/tooltip/README.md
@@ -0,0 +1 @@
+Create a tooltip.
diff --git a/src/components/tooltip/_tooltip.scss b/src/components/tooltip/_tooltip.scss
new file mode 100644
index 00000000000..377d5af42f4
--- /dev/null
+++ b/src/components/tooltip/_tooltip.scss
@@ -0,0 +1,101 @@
+@include keyframes(tooltipBackgroundShow) {
+  0% {
+    @include transform(scale(0.2));
+    opacity: 0.25;
+  }
+  50% {
+    opacity: 1;
+  }
+  100% {
+    @include transform(scale(1.0));
+    opacity: 1;
+  }
+}
+@include keyframes(tooltipBackgroundHide) {
+  0% { opacity: 1; }
+  100% { opacity: 0; }
+}
+
+material-tooltip {
+  position: absolute;
+  font-size: 14px;
+  z-index: $z-index-tooltip;
+  overflow: hidden;
+  pointer-events: none;
+  color: white;
+  border-radius: 4px;
+
+  &[tooltip-direction="bottom"] {
+    @include transform(translate3d(0, -30%, 0));
+    margin-top: 8px;
+  }
+  &[tooltip-direction="top"] {
+    @include transform(translate3d(0, 30%, 0));
+    margin-bottom: 8px;
+  }
+
+  .tooltip-background {
+    background: rgb(115,115,115);
+    position: absolute;
+    left: 50%;
+    width: 256px;
+    height: 256px;
+    margin-left: -128px;
+    margin-top: -128px;
+    border-radius: 256px;
+
+    opacity: 0.25;
+    @include transform(scale(0.2));
+  }
+
+  .tooltip-content {
+    max-width: 240px;
+    white-space: nowrap;
+    overflow: hidden;
+    text-overflow: ellipsis;
+
+    padding: 8px;
+    background: transparent;
+    opacity: 0.3;
+    @include transition(inherit);
+  }
+
+  &.tooltip-show,
+  &.tooltip-hide {
+    @include transition(0.2s ease-out);
+    transition-property: transform, opacity;
+    -webkit-transition-property: -webkit-transform, opacity;
+  }
+
+  &.tooltip-show {
+    pointer-events: auto;
+    @include transform(translate3d(0,0,0));
+
+    .tooltip-background {
+      @include transform(scale(1.0));
+      opacity: 1.0;
+      @include animation(tooltipBackgroundShow linear);
+    }
+    .tooltip-content {
+      opacity: 0.99;
+    }
+  }
+  &.tooltip-hide .tooltip-background {
+    @include transform(scale(1.0));
+    opacity: 0;
+    @include animation(tooltipBackgroundHide 0.2s linear);
+  }
+
+  /**
+   * Depending on the tooltip's size as a multiple of 32 (set by JS),
+   * change the background's animation duration.
+   * The larger the tooltip, the less time the background should take to ripple outwards.
+   */
+  @for $i from 1 through 8 {
+    &[width-32="#{$i}"].tooltip-show .tooltip-background {
+      $duration: 1000 - $i * 100;
+      animation-duration: #{$duration}ms;
+      -webkit-animation-duration: #{$duration}ms;
+    }
+  }
+}
diff --git a/src/components/tooltip/demo1/index.html b/src/components/tooltip/demo1/index.html
new file mode 100644
index 00000000000..9c5aca73e44
--- /dev/null
+++ b/src/components/tooltip/demo1/index.html
@@ -0,0 +1,32 @@
+<div ng-controller="AppCtrl">
+  <material-content class="material-content-padding">
+
+    <material-button class="material-button-fab material-button-fab-top-left">
+      <material-tooltip visible="showTooltip">
+        Refresh
+      </material-tooltip>
+      <material-icon icon="/img/icons/ic_refresh_24px.svg">
+      </material-icon>
+    </material-button>
+
+    <br/>
+    <br/>
+    <br/>
+    <br/>
+    <br/>
+
+    <p>
+      <div>
+        The tooltip is visible when the button is hovered, focused, or touched.
+      </div>
+      <div>
+        Additionally, the tooltip's visibility is bound to the checkbox below.
+      </div>
+    </p>
+
+    <material-checkbox ng-model="showTooltip">
+      Tooltip is shown
+    </material-checkbox>
+
+  </material-content>
+</div>
diff --git a/src/components/tooltip/demo1/script.js b/src/components/tooltip/demo1/script.js
new file mode 100644
index 00000000000..1209f1d421d
--- /dev/null
+++ b/src/components/tooltip/demo1/script.js
@@ -0,0 +1,4 @@
+angular.module('tooltipDemo1', ['ngMaterial'])
+
+.controller('AppCtrl', function($scope) {
+});
diff --git a/src/components/tooltip/module.json b/src/components/tooltip/module.json
new file mode 100644
index 00000000000..fad57db45f5
--- /dev/null
+++ b/src/components/tooltip/module.json
@@ -0,0 +1,10 @@
+{
+  "module": "material.components.tooltip",
+  "name": "Tooltip",
+  "demos": {
+    "demo1": {
+      "name": "Tooltip Basic Usage",
+      "files": ["demo1/*"]
+    }
+  }
+}
diff --git a/src/components/tooltip/tooltip.js b/src/components/tooltip/tooltip.js
new file mode 100644
index 00000000000..9a7154ef6e3
--- /dev/null
+++ b/src/components/tooltip/tooltip.js
@@ -0,0 +1,187 @@
+/**
+ * @ngdoc module
+ * @name material.components.tooltip
+ */
+angular.module('material.components.tooltip', [])
+
+.directive('materialTooltip', [
+  '$timeout',
+  '$window',
+  '$$rAF',
+  '$document',
+  MaterialTooltipDirective
+]);
+
+/**
+ * @ngdoc directive
+ * @name materialTooltip
+ * @module material.components.tooltip
+ * @description
+ * Tooltips are used to describe elements that are interactive and primarily graphical (not textual).
+ *
+ * Place a `<material-tooltip>` as a child of the element it describes.
+ *
+ * A tooltip will activate when the user focuses, hovers over, or touches the parent.
+ *
+ * @usage
+ * <hljs lang="html">
+ * <material-icon icon="/img/icons/ic_play_arrow_24px.svg">
+ *   <material-tooltip>
+ *     Play Music
+ *   </material-tooltip>
+ * </material-icon>
+ * </hljs>
+ *
+ * @param {expression=} visible Boolean bound to whether the tooltip is 
+ * currently visible.
+ */
+function MaterialTooltipDirective($timeout, $window, $$rAF, $document) {
+
+  var TOOLTIP_SHOW_DELAY = 400;
+  var TOOLTIP_WINDOW_EDGE_SPACE = 8;
+  // We have to append tooltips to the body, because we use
+  // getBoundingClientRect().
+  // to find where to append the tooltip.
+  var tooltipParent = angular.element(document.body);
+
+  return {
+    restrict: 'E',
+    transclude: true,
+    require: '^?materialContent',
+    template: 
+      '<div class="tooltip-background"></div>' +
+      '<div class="tooltip-content" ng-transclude></div>',
+    scope: {
+      visible: '=?'
+    },
+    link: postLink
+  };
+
+  function postLink(scope, element, attr, contentCtrl) {
+    var parent = element.parent();
+
+    // We will re-attach tooltip when visible
+    element.detach();
+    element.attr('role', 'tooltip');
+    element.attr('id', attr.id || Util.nextUid());
+
+    parent.on('focus mouseenter touchstart', function() {
+      setVisible(true);
+    });
+    parent.on('blur mouseleave touchend touchcancel', function() {
+      // Don't hide the tooltip if the parent is still focused.
+      if (document.activeElement === parent[0]) return;
+      setVisible(false);
+    });
+
+    scope.$watch('visible', function(isVisible) {
+      if (isVisible) showTooltip();
+      else hideTooltip();
+    });
+    
+    var debouncedOnResize = $$rAF.debounce(onWindowResize);
+    angular.element($window).on('resize', debouncedOnResize);
+    function onWindowResize() {
+      // Reposition on resize
+      if (scope.visible) positionTooltip();
+    }
+
+    // Be sure to completely cleanup the element on destroy
+    scope.$on('$destroy', function() {
+      scope.visible = false;
+      element.remove();
+      angular.element($window).off('resize', debouncedOnResize);
+    });
+
+    // *******
+    // Methods
+    // *******
+
+    // If setting visible to true, debounce to TOOLTIP_SHOW_DELAY ms
+    // If setting visible to false and no timeout is active, instantly hide the tooltip.
+    function setVisible(value) {
+      setVisible.value = !!value;
+
+      if (!setVisible.queued) {
+        if (value) {
+          setVisible.queued = true;
+          $timeout(function() {
+            scope.visible = setVisible.value;
+            setVisible.queued = false;
+          }, TOOLTIP_SHOW_DELAY);
+
+        } else {
+          $timeout(function() { scope.visible = false; });
+        }
+      }
+    }
+
+    function showTooltip() {
+      // Insert the element before positioning it, so we can get position
+      // (tooltip is hidden by default)
+      element.removeClass('tooltip-hide');
+      parent.attr('aria-describedby', element.attr('id'));
+      tooltipParent.append(element);
+
+      // Wait until the element has been in the dom for two frames before 
+      // fading it in.
+      // Additionally, we position the tooltip twice to avoid positioning bugs
+      //positionTooltip();
+      $$rAF(function() {
+
+        $$rAF(function() {
+          positionTooltip();
+          if (!scope.visible) return;
+          element.addClass('tooltip-show');
+        });
+
+      });
+    }
+
+    function hideTooltip() {
+      element.removeClass('tooltip-show').addClass('tooltip-hide');
+      parent.removeAttr('aria-describedby');
+      $timeout(function() {
+        if (scope.visible) return;
+        element.detach();
+      }, 200, false);
+    }
+
+    function positionTooltip(rerun) {
+      var tipRect = element[0].getBoundingClientRect();
+      var parentRect = parent[0].getBoundingClientRect();
+
+      if (contentCtrl) {
+        parentRect.top += contentCtrl.$element.prop('scrollTop');
+        parentRect.left += contentCtrl.$element.prop('scrollLeft');
+      }
+
+      // Default to bottom position if possible
+      var tipDirection = 'bottom';
+      var newPosition = {
+        left: parentRect.left + parentRect.width / 2 - tipRect.width / 2,
+        top: parentRect.top + parentRect.height
+      };
+
+      // If element bleeds over left/right of the window, place it on the edge of the window.
+      newPosition.left = Math.min(
+        newPosition.left, 
+        $window.innerWidth - tipRect.width - TOOLTIP_WINDOW_EDGE_SPACE
+      );
+      newPosition.left = Math.max(newPosition.left, TOOLTIP_WINDOW_EDGE_SPACE);
+
+      // If element bleeds over the bottom of the window, place it above the parent.
+      if (newPosition.top + tipRect.height > $window.innerHeight) {
+        newPosition.top = parentRect.top - tipRect.height;
+        tipDirection = 'top';
+      }
+
+      element.css({top: newPosition.top + 'px', left: newPosition.left + 'px'});
+      // Tell the CSS the size of this tooltip, as a multiple of 32.
+      element.attr('width-32', Math.ceil(tipRect.width / 32));
+      element.attr('tooltip-direction', tipDirection);
+    }
+
+  }
+
+}
diff --git a/src/components/tooltip/tooltip.spec.js b/src/components/tooltip/tooltip.spec.js
new file mode 100644
index 00000000000..4e2f60ab670
--- /dev/null
+++ b/src/components/tooltip/tooltip.spec.js
@@ -0,0 +1,108 @@
+describe('<material-tooltip> directive', function() {
+
+  beforeEach(module('material.components.tooltip', function($provide) {
+    $provide.value('$$rAF', mockRaf);
+
+    // fake synchronous version of rAF
+    function mockRaf(cb) { cb(); }
+    mockRaf.debounce = function(cb) {
+      var context = this, args = arguments;
+      return function() {
+        cb.apply(context, args);
+      };
+    };
+    findTooltip().remove();
+  }));
+
+  function findTooltip() {
+    return angular.element(document.body).find('material-tooltip');
+  }
+
+  it('should show and hide when visible is set', inject(function($compile, $rootScope, $timeout) {
+    var element = $compile('<material-button>' +
+               'Hello' +
+               '<material-tooltip visible="isVisible">Tooltip</material-tooltip>' +
+             '</material-button>')($rootScope);
+
+    $rootScope.$apply();
+    expect(findTooltip().length).toBe(0);
+
+    $rootScope.$apply('isVisible = true');
+    expect(findTooltip().length).toBe(1);
+    expect(findTooltip().hasClass('tooltip-show')).toBe(true);
+    expect(findTooltip().hasClass('tooltip-hide')).toBe(false);
+
+    $rootScope.$apply('isVisible = false');
+    expect(findTooltip().hasClass('tooltip-hide')).toBe(true);
+    expect(findTooltip().hasClass('tooltip-show')).toBe(false);
+    $timeout.flush();
+    expect(findTooltip().length).toBe(0);
+  }));
+
+  it('should describe parent', inject(function($compile, $rootScope, $timeout) {
+    var element = $compile('<material-button>' +
+               'Hello' +
+               '<material-tooltip visible="isVisible">Tooltip</material-tooltip>' +
+             '</material-button>')($rootScope);
+
+    $rootScope.$apply('isVisible = true');
+
+    expect(element.attr('aria-describedby')).toEqual(findTooltip().attr('id'));
+
+    $rootScope.$apply('isVisible = false');
+    expect(element.attr('aria-describedby')).toBeFalsy();
+
+  }));
+
+  it('should set visible on mouseenter and mouseleave', inject(function($compile, $rootScope, $timeout) {
+    var element = $compile('<material-button>' +
+               'Hello' +
+               '<material-tooltip visible="isVisible">Tooltip</material-tooltip>' +
+             '</material-button>')($rootScope);
+
+    $rootScope.$apply();
+
+    element.triggerHandler('mouseenter');
+    $timeout.flush();
+    expect($rootScope.isVisible).toBe(true);
+
+    element.triggerHandler('mouseleave');
+    $timeout.flush();
+    expect($rootScope.isVisible).toBe(false);
+  }));
+
+  it('should set visible on focus and blur', inject(function($compile, $rootScope, $timeout) {
+    var element = $compile('<material-button>' +
+               'Hello' +
+               '<material-tooltip visible="isVisible">Tooltip</material-tooltip>' +
+             '</material-button>')($rootScope);
+
+    $rootScope.$apply();
+
+    element.triggerHandler('focus');
+    $timeout.flush();
+    expect($rootScope.isVisible).toBe(true);
+
+    element.triggerHandler('blur');
+    $timeout.flush();
+    expect($rootScope.isVisible).toBe(false);
+  }));
+
+  it('should set visible on touchstart and touchend', inject(function($compile, $rootScope, $timeout) {
+    var element = $compile('<material-button>' +
+               'Hello' +
+               '<material-tooltip visible="isVisible">Tooltip</material-tooltip>' +
+             '</material-button>')($rootScope);
+
+    $rootScope.$apply();
+
+    element.triggerHandler('touchstart');
+    $timeout.flush();
+    expect($rootScope.isVisible).toBe(true);
+
+    element.triggerHandler('touchend');
+    $timeout.flush();
+    expect($rootScope.isVisible).toBe(false);
+  }));
+
+});
diff --git a/src/core/style/theme/_variables.scss b/src/core/style/theme/_variables.scss
index 4606d653827..c2b93c2a052 100644
--- a/src/core/style/theme/_variables.scss
+++ b/src/core/style/theme/_variables.scss
@@ -218,4 +218,5 @@ $z-index-dialog: 10;
 $z-index-toast: 9;
 $z-index-sidenav: 8;
 $z-index-backdrop: 7;
+$z-index-tooltip: 6;
 $z-index-fab: 2;
diff --git a/src/main.scss b/src/main.scss
index a46b8238657..6e4477e744c 100644
--- a/src/main.scss
+++ b/src/main.scss
@@ -26,6 +26,7 @@
 "components/textField/textField",
 "components/toast/toast",
 "components/toolbar/toolbar",
+"components/tooltip/tooltip",
 "components/tabs/tabs",
 "components/list/list",
 "components/divider/divider",