This document is a term paper on photonic crystal fiber submitted by Chahat Gupta to their professor Dr. Maninder Lal Singh. It includes an introduction to optical fibers, photonic crystals, and photonic crystal fibers. It discusses two guiding mechanisms for photonic crystal fibers - modified total internal reflection and photonic bandgap guidance. It also outlines some applications of photonic crystal fibers such as being endlessly single mode, enabling zero dispersion at desired wavelengths, and using in sensing applications with long period fiber gratings.