We briefly review main observational properties of fast radio bursts (FRBs) and discuss two most popular hypothesis for the explanation of these enigmatic intense millisecond radio flashes. FRBs most probably originate on extragalactic distances, and their rate on the sky is about a few thousand per day with fluences above $sim$~1~Jy~ms (or with fluxes larger than few tenths of Jy). Two leading scenarios describing these events include strong flares of magnetars and supergiant pulses of young radio pulsars with large rotational energy losses, correspondingly. At the moment, it is impossible to choose between these models. However, new telescopes can help to solve the puzzle of FRBs in near future.
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