Lipid droplets (LDs) are emerging as dynamic cellular organelles that play a key role in lipid and membrane homeostasis. Abnormal lipid droplet dynamics are associated with the pathophysiology of many metabolic diseases, such as obesity, diabetes, atherosclerosis, fatty liver, and even cancer. Understanding the molecular mechanisms governing the dynamics of LDs, namely, their biogenesis, growth, maintenance, and degradation, will not only shed light on the cellular functions of LDs, but also provide additional clues to treatment of metabolic diseases. Genome-wide screen is a powerful approach to identify genetic factors that regulate lipid droplet dynamics. Here, we summarize recent genome-wide studies using yeast and Drosophila cells to understand the cellular dynamics of LDs. The results suggest that the genome-wide screens should be carried out in multiple organisms or cells, and using different nutritional conditions.