In this paper, we give detailed attention to a relatively recent method for the determination of the linear dynamic properties of viscoelastic systems, namely, the so-called oscillatory squeeze flow (OSF) technique. We provide a comprehensive theory for the OSF rheometer, which includes a full discussion of the influence of fluid inertia. In the process, it is argued that, fortuitously perhaps, fluid inertia is more easily accommodated in the OSF rheometer than in the corresponding torsional-flow techniques. A new version of the OSF rheometer is described and experimental results on a set of viscoelastic systems are used to demonstrate the versatility of the technique. In the process, the potential use of the instrument within an industrial quality control environment is stressed.