This document describes Pypet, a Python parameter exploration toolbox. Pypet allows for easy exploration of parameter spaces and storage of simulation results and parameters. It revolves around a trajectory container, which uses a tree data structure to manage parameters and results in a natural naming scheme. Pypet supports a variety of data formats and storage via HDF5. It provides tools for disentangling simulations from I/O, logging, version control integration, and parallelization. Pypet is open source, well tested, and documented.