Some features of the biology and feeding relationships of small waterbugs (Notonectidae, Corixidae, Pleidae, Helotrephidae, Aphelocheiridae) and ripicolous bugs (Gelastocoridae, Ochteridae) are reviewed. Individual families are discussed as predators or as prey of other animals. Special attention is given to characteristics and relationships that affect human beings directly or indirectly. The most important relationships from the economic point of view are: bugs and blood-sucking Diptera, bugs and fish, bugs and some endangered or protected amphibians and water birds. Of less importance is the occasional use of some aquatic bugs as saprobity bioindicators. It seems that the economic importance of these bugs has been underestimated.