Long Range-Frequency Hopping Spread Spectrum(LR-FHSS) is the new physical layer designed to addressextremely long-range and large-scale communication scenarios,such as satellite IoT. At its core is a fast frequency hoppingtechnique designed to offer higher network capacity whileoffering the same radio link budget as LoRa. Additionally,LR-FHSS finely manages packet transmission thanks to its designprinciples, enabling QoS policies on a per-packet basis. Giventhe notorious adoption of LoRaWAN in the IoT applicationlandscape, this article is a reference for understanding howexactly LR-FHSS works, the performance it can offer, and itslimitations and research opportunities.