diff --git a/History.md b/History.md
index 940f2b5a6..7d619219f 100644
--- a/History.md
+++ b/History.md
@@ -1,6 +1,9 @@
 # Liquid Change Log
 
-## 5.3.1 (unreleased)
+## 5.4.0 (unreleased)
+
+### Features
+* Allow `#` to be used as an inline comment tag (#1498) [CP Clermont]
 
 ### Fixes
 * `PartialCache` now shares snippet cache with subcontexts by default (#1553) [Chris AtLee]
diff --git a/lib/liquid.rb b/lib/liquid.rb
index f6aabb0d0..a0a058810 100644
--- a/lib/liquid.rb
+++ b/lib/liquid.rb
@@ -29,6 +29,7 @@ module Liquid
   WhitespaceControl           = '-'
   TagStart                    = /\{\%/
   TagEnd                      = /\%\}/
+  TagName                     = /#|\w+/
   VariableSignature           = /\(?[\w\-\.\[\]]\)?/
   VariableSegment             = /[\w\-]/
   VariableStart               = /\{\{/
diff --git a/lib/liquid/block_body.rb b/lib/liquid/block_body.rb
index d8c7e453f..a0d35a790 100644
--- a/lib/liquid/block_body.rb
+++ b/lib/liquid/block_body.rb
@@ -4,8 +4,8 @@
 
 module Liquid
   class BlockBody
-    LiquidTagToken      = /\A\s*(\w+)\s*(.*?)\z/o
-    FullToken           = /\A#{TagStart}#{WhitespaceControl}?(\s*)(\w+)(\s*)(.*?)#{WhitespaceControl}?#{TagEnd}\z/om
+    LiquidTagToken      = /\A\s*(#{TagName})\s*(.*?)\z/o
+    FullToken           = /\A#{TagStart}#{WhitespaceControl}?(\s*)(#{TagName})(\s*)(.*?)#{WhitespaceControl}?#{TagEnd}\z/om
     ContentOfVariable   = /\A#{VariableStart}#{WhitespaceControl}?(.*?)#{WhitespaceControl}?#{VariableEnd}\z/om
     WhitespaceOrNothing = /\A\s*\z/
     TAGSTART            = "{%"
diff --git a/lib/liquid/locales/en.yml b/lib/liquid/locales/en.yml
index eb35d8689..7e232de42 100644
--- a/lib/liquid/locales/en.yml
+++ b/lib/liquid/locales/en.yml
@@ -13,15 +13,16 @@
       for_invalid_attribute: "Invalid attribute in for loop. Valid attributes are limit and offset"
       if: "Syntax Error in tag 'if' - Valid syntax: if [expression]"
       include: "Error in tag 'include' - Valid syntax: include '[template]' (with|for) [object|collection]"
-      unknown_tag: "Unknown tag '%{tag}'"
+      inline_comment_invalid: "Syntax error in tag '#' - Each line of comments must be prefixed by the '#' character"
       invalid_delimiter: "'%{tag}' is not a valid delimiter for %{block_name} tags. use %{block_delimiter}"
+      render: "Syntax error in tag 'render' - Template name must be a quoted string"
+      table_row: "Syntax Error in 'table_row loop' - Valid syntax: table_row [item] in [collection] cols=3"
+      tag_never_closed: "'%{block_name}' tag was never closed"
+      tag_termination: "Tag '%{token}' was not properly terminated with regexp: %{tag_end}"
       unexpected_else: "%{block_name} tag does not expect 'else' tag"
       unexpected_outer_tag: "Unexpected outer '%{tag}' tag"
-      tag_termination: "Tag '%{token}' was not properly terminated with regexp: %{tag_end}"
+      unknown_tag: "Unknown tag '%{tag}'"
       variable_termination: "Variable '%{token}' was not properly terminated with regexp: %{tag_end}"
-      tag_never_closed: "'%{block_name}' tag was never closed"
-      table_row: "Syntax Error in 'table_row loop' - Valid syntax: table_row [item] in [collection] cols=3"
-      render: "Syntax error in tag 'render' - Template name must be a quoted string"
     argument:
       include: "Argument error in tag 'include' - Illegal template name"
     disabled:
diff --git a/lib/liquid/tags/inline_comment.rb b/lib/liquid/tags/inline_comment.rb
new file mode 100644
index 000000000..493cfddc7
--- /dev/null
+++ b/lib/liquid/tags/inline_comment.rb
@@ -0,0 +1,30 @@
+# frozen_string_literal: true
+
+module Liquid
+  class InlineComment < Tag
+    def initialize(tag_name, markup, options)
+      super
+
+      # Semantically, a comment should only ignore everything after it on the line.
+      # Currently, this implementation doesn't support mixing a comment with another tag
+      # but we need to reserve future support for this and prevent the introduction
+      # of inline comments from being backward incompatible change.
+      #
+      # As such, we're forcing users to put a # symbol on every line otherwise this
+      # tag will throw an error.
+      if markup.match?(/\n\s*[^#\s]/)
+        raise SyntaxError, options[:locale].t("errors.syntax.inline_comment_invalid")
+      end
+    end
+
+    def render_to_output_buffer(_context, output)
+      output
+    end
+
+    def blank?
+      true
+    end
+  end
+
+  Template.register_tag('#', InlineComment)
+end
diff --git a/lib/liquid/version.rb b/lib/liquid/version.rb
index 3fc87a5af..9b0de1431 100644
--- a/lib/liquid/version.rb
+++ b/lib/liquid/version.rb
@@ -2,5 +2,5 @@
 # frozen_string_literal: true
 
 module Liquid
-  VERSION = "5.3.0"
+  VERSION = "5.4.0.alpha"
 end
diff --git a/test/integration/tags/inline_comment_test.rb b/test/integration/tags/inline_comment_test.rb
new file mode 100644
index 000000000..a4fb23ee1
--- /dev/null
+++ b/test/integration/tags/inline_comment_test.rb
@@ -0,0 +1,69 @@
+# frozen_string_literal: true
+
+require 'test_helper'
+
+class InlineCommentTest < Minitest::Test
+  include Liquid
+
+  def test_inline_comment_returns_nothing
+    assert_template_result('', '{%- # this is an inline comment -%}')
+    assert_template_result('', '{%-# this is an inline comment -%}')
+    assert_template_result('', '{% # this is an inline comment %}')
+    assert_template_result('', '{%# this is an inline comment %}')
+  end
+
+  def test_inline_comment_does_not_require_a_space_after_the_pound_sign
+    assert_template_result('', '{%#this is an inline comment%}')
+  end
+
+  def test_liquid_inline_comment_returns_nothing
+    assert_template_result('Hey there, how are you doing today?', <<~LIQUID)
+      {%- liquid
+        # This is how you'd write a block comment in a liquid tag.
+        # It looks a lot like what you'd have in ruby.
+
+        # You can use it as inline documentation in your
+        # liquid blocks to explain why you're doing something.
+        echo "Hey there, "
+
+        # It won't affect the output.
+        echo "how are you doing today?"
+      -%}
+    LIQUID
+  end
+
+  def test_inline_comment_can_be_written_on_multiple_lines
+    assert_template_result('', <<~LIQUID)
+      {%-
+        # That kind of block comment is also allowed.
+        # It would only be a stylistic difference.
+
+        # Much like JavaScript's /* */ comments and their
+        # leading * on new lines.
+      -%}
+    LIQUID
+  end
+
+  def test_inline_comment_multiple_pound_signs
+    assert_template_result('', <<~LIQUID)
+      {%- liquid
+        ######################################
+        # We support comments like this too. #
+        ######################################
+      -%}
+    LIQUID
+  end
+
+  def test_inline_comments_require_the_pound_sign_on_every_new_line
+    assert_match_syntax_error("Each line of comments must be prefixed by the '#' character", <<~LIQUID)
+      {%-
+        # some comment
+        echo 'hello world'
+      -%}
+    LIQUID
+  end
+
+  def test_inline_comment_does_not_support_nested_tags
+    assert_template_result(' -%}', "{%- # {% echo 'hello world' %} -%}")
+  end
+end