diff --git a/README.md b/README.md
index 33b57b83..5c41abb5 100644
--- a/README.md
+++ b/README.md
@@ -100,6 +100,12 @@ Please note that the _`[<url>]`_ portion of the command should be the url to you
 
 Make sure to [send us a PR][omf-pulls-link] to update the registry.
 
+#### `omf channel`
+
+Gets or changes the update channel.
+
+Two channels are available by default: the `stable` channel provides stable updates with the latest tagged version of Oh My Fish, and `dev` which provides the latest changes under development. The update channel currently set determines what version `omf update` will upgrade to.
+
 #### `omf doctor`
 
 Use to troubleshoot before [opening an issue][omf-issues-new].
diff --git a/bin/install b/bin/install
index 252020fe..564e4d2a 100755
--- a/bin/install
+++ b/bin/install
@@ -21,6 +21,7 @@ function main
 
   set -g OMF_PATH "$OMF_PATH_DEFAULT"
   set -g OMF_CONFIG "$OMF_CONFIG_DEFAULT"
+  set -g OMF_CHANNEL stable
 
   # Ensure repository URL ends with .git
   set OMF_REPO_URI (echo $OMF_REPO_URI | command sed 's/\.git//').git
@@ -33,6 +34,7 @@ function main
   Install Oh My Fish
 
 Options:
+  --channel=<channel>     Download a specific release channel, either \"stable\" or \"dev\" (default is \"$OMF_CHANNEL\").
   --config=<path>         Put config in a specific path (default is $OMF_CONFIG_DEFAULT).
   --help, -h              Show this help message.
   --noninteractive        Disable interactive questions (assume no, use with --yes to assume yes).
@@ -43,6 +45,15 @@ Options:
 "
         return 0
 
+      case '--channel=stable'
+        set -g OMF_CHANNEL stable
+
+      case '--channel=dev'
+        set -g OMF_CHANNEL dev
+
+      case '--channel=*'
+        abort "Unknown release channel \""(echo "$argv[1]" | command cut -d= -f2)"\"."
+
       case '--config=*'
         echo "$argv[1]" | command cut -d= -f2 | command sed -e "s#~#$HOME#" | read -g OMF_CONFIG
 
@@ -139,12 +150,23 @@ end
 
 # Downloads and installs the framework from GitHub.
 function install_from_github
+  say "Using release channel \"$OMF_CHANNEL\"."
   say "Cloning $OMF_REPO_BRANCH from $OMF_REPO_URI..."
 
-  if not command git clone -q --depth 1 -b $OMF_REPO_BRANCH $OMF_REPO_URI "$OMF_PATH"
+  if not command git clone -q -b "$OMF_REPO_BRANCH" "$OMF_REPO_URI" "$OMF_PATH"
     abort "Error cloning repository!"
   end
 
+  if test $OMF_CHANNEL = stable
+    # Get the commit for the latest release.
+    set -l hash (command git --git-dir "$OMF_PATH/.git" --work-tree "$OMF_PATH" rev-list --tags='v*' --max-count=1 ^ /dev/null)
+      # Get the release tag.
+      and set -l tag (command git --git-dir "$OMF_PATH/.git" --work-tree "$OMF_PATH" describe --tags $hash)
+      # Checkout the release.
+      and command git --git-dir "$OMF_PATH/.git" --work-tree "$OMF_PATH" checkout --quiet tags/$tag
+      or report error "Error getting latest version!"
+  end
+
   set_git_remotes
 end
 
@@ -275,6 +297,8 @@ function install_config
 
   test -f "$OMF_CONFIG/bundle";
     or echo "theme default" > "$OMF_CONFIG/bundle"
+  test -f "$OMF_CONFIG/channel";
+    or echo $OMF_CHANNEL > "$OMF_CONFIG/channel"
   test -f "$OMF_CONFIG/theme"
     or echo "default" > "$OMF_CONFIG/theme"
 
@@ -433,11 +457,17 @@ function is_version_compatible -a lhs rhs
   set -q argv[2]
     or return 1
 
-  # Sort the versions to get the lesser one.
-  set -l sorted (printf "$lhs\n$rhs\n" | command sort -n -t '.' -k 1,1 -k 2,2 -k 3,3 -k 4,4)
+  # Right-hand side must be the largest version.
+  test "$rhs" = (get_latest_version "$lhs" "$rhs")
+end
+
 
-  # Left-hand side must be the smallest version.
-  test "$lhs" = "$sorted[1]"
+# Returns the newest version from a given list of versions.
+function get_latest_version
+  # Sort the version in descending order and output the top result.
+  for v in $argv
+    echo "$v"
+  end | command sort -r -n -t '.' -k 1,1 -k 2,2 -k 3,3 -k 4,4 | command head -n 1
 end
 
 
diff --git a/init.fish b/init.fish
index 51514fdc..2ca476bc 100644
--- a/init.fish
+++ b/init.fish
@@ -43,5 +43,4 @@ end
 emit perf:timer:start "Oh My Fish init user config path"
 require --no-bundle --path $OMF_CONFIG
 emit perf:timer:finish "Oh My Fish init user config path"
-set -g OMF_VERSION "2"
 emit perf:timer:finish "Oh My Fish initialisation"
diff --git a/pkg/omf/completions/omf.fish b/pkg/omf/completions/omf.fish
index 904073ad..7089a15f 100644
--- a/pkg/omf/completions/omf.fish
+++ b/pkg/omf/completions/omf.fish
@@ -20,6 +20,7 @@ end
 
 complete -c omf -f -n "__fish_seen_subcommand_from d desc describe" -a (printf "%s " (omf.packages.list --database --plugin))
 complete -c omf -f -n "__fish_seen_subcommand_from t theme"         -a "$installed_themes"
+complete -c omf -f -n "__fish_seen_subcommand_from channel"         -a "stable dev"
 complete -c omf -f -n "__fish_seen_subcommand_from help"            -a "install theme remove update list describe cd new submit destroy doctor"
 
 complete -c omf -f -a list     -n "__fish_use_subcommand" -d "List local packages"
@@ -35,3 +36,4 @@ complete -c omf -f -a submit   -n "__fish_use_subcommand" -d "Submit a package t
 complete -c omf -f -a help     -n "__fish_use_subcommand" -d "Display this help"
 complete -c omf -f -a destroy  -n "__fish_use_subcommand" -d "Remove Oh My Fish"
 complete -c omf -f -a doctor   -n "__fish_use_subcommand" -d "Troubleshoot Oh My Fish"
+complete -c omf -f -a channel  -n "__fish_use_subcommand" -d "Gets or changes the update channel"
diff --git a/pkg/omf/functions/cli/omf.cli.channel.fish b/pkg/omf/functions/cli/omf.cli.channel.fish
new file mode 100644
index 00000000..3c631963
--- /dev/null
+++ b/pkg/omf/functions/cli/omf.cli.channel.fish
@@ -0,0 +1,14 @@
+function omf.cli.channel
+  switch (count $argv)
+    case 0
+      omf.channel.get
+
+    case 1
+      omf.channel.set $argv
+
+    case '*'
+      echo (omf::err)"Invalid number of arguments"(omf::off) 1^&2
+      omf help channel
+      return $OMF_INVALID_ARG
+  end
+end
diff --git a/pkg/omf/functions/cli/omf.cli.help.fish b/pkg/omf/functions/cli/omf.cli.help.fish
index 03b271b6..2343e0cf 100644
--- a/pkg/omf/functions/cli/omf.cli.help.fish
+++ b/pkg/omf/functions/cli/omf.cli.help.fish
@@ -14,6 +14,25 @@ Change directory to root or plugin/theme directory.
   omf cd l
 "
 
+    case "channel"
+      echo \n"\
+Gets or changes the update channel.
+
+Two channels are available by default: the "(omf::em)"stable"(omf::off)" channel provides stable
+updates with the latest tagged version of Oh My Fish, and "(omf::em)"dev"(omf::off)" which provides
+the latest changes under development. The update channel currently set
+determines what version "(omf::em)"omf update"(omf::off)" will upgrade to.
+
+"(omf::dim)"Usage:"(omf::off)"
+  omf channel         Print the currently selected update channel
+  omf channel "(omf::em)"<name>"(omf::off)"  Switch to the given update channel
+
+"(omf::dim)"Examples:"(omf::off)"
+  omf channel
+  omf channel stable
+  omf channel dev
+"
+
     case "d" "describe"
       echo "\
 Get information about what packages do.
diff --git a/pkg/omf/functions/cli/omf.cli.update.fish b/pkg/omf/functions/cli/omf.cli.update.fish
index 0a1e6ff4..0f42105d 100644
--- a/pkg/omf/functions/cli/omf.cli.update.fish
+++ b/pkg/omf/functions/cli/omf.cli.update.fish
@@ -13,8 +13,14 @@ function omf.cli.update
 
   if set -q update_core
     omf.core.update
+
+    if type -q omf.version
+      set OMF_VERSION (omf.version)
+    end
+
     if test $status -ne 1
       echo (omf::em)"Oh My Fish is up to date."(omf::off)
+      echo (omf::em)"You are now using Oh My Fish version $OMF_VERSION."(omf::off)
     else
       echo (omf::err)"Oh My Fish failed to update."(omf::off)
       echo "Please open a new issue here → "(omf::em)"github.com/oh-my-fish/oh-my-fish/issues"(omf::off)
diff --git a/pkg/omf/functions/cli/omf.cli.version.fish b/pkg/omf/functions/cli/omf.cli.version.fish
index 61cfc171..1cfe7e6e 100644
--- a/pkg/omf/functions/cli/omf.cli.version.fish
+++ b/pkg/omf/functions/cli/omf.cli.version.fish
@@ -1,3 +1,3 @@
 function omf.cli.version
-  echo "Oh My Fish! $OMF_VERSION"
+  echo "Oh My Fish version "(omf.version)
 end
diff --git a/pkg/omf/functions/core/omf.channel.get.fish b/pkg/omf/functions/core/omf.channel.get.fish
new file mode 100644
index 00000000..aaf24934
--- /dev/null
+++ b/pkg/omf/functions/core/omf.channel.get.fish
@@ -0,0 +1,17 @@
+function omf.channel.get
+  # Check for an environment variable override.
+  if set -q OMF_CHANNEL
+    echo $OMF_CHANNEL
+    return 0
+  end
+
+  # Check the channel file.
+  if test -f $OMF_CONFIG/channel
+    read -l channel < $OMF_CONFIG/channel
+      and echo $channel
+      and return 0
+  end
+
+  # Assume 'stable' if not specified.
+  echo stable
+end
diff --git a/pkg/omf/functions/core/omf.channel.set.fish b/pkg/omf/functions/core/omf.channel.set.fish
new file mode 100644
index 00000000..d9d2a5a4
--- /dev/null
+++ b/pkg/omf/functions/core/omf.channel.set.fish
@@ -0,0 +1,11 @@
+function omf.channel.set -a name
+  # If an argument is specified, set the update channel.
+  if begin; test -z "$name"; or not contains -- $name stable dev; end
+    echo (omf::err)"'$name' is not a valid channel."(omf::off) 1^&2
+    return 1
+  end
+
+  echo $name > $OMF_CONFIG/channel
+  echo "Update channel set to "(omf::em)"$name"(omf::off)"."
+  echo "To switch to the latest $name version, run "(omf::em)"omf update"(omf::off)"."
+end
diff --git a/pkg/omf/functions/core/omf.core.update.fish b/pkg/omf/functions/core/omf.core.update.fish
index 2cf343af..1e10ea27 100644
--- a/pkg/omf/functions/core/omf.core.update.fish
+++ b/pkg/omf/functions/core/omf.core.update.fish
@@ -1,3 +1,44 @@
 function omf.core.update
-  omf.repo.pull $OMF_PATH
+  # If on the stable channel, checkout the latest tag.
+  if test (omf.channel.get) = stable
+    # If the channel isn't explicitly set and we are currently tracking a branch instead of a version, the user probably
+    # upgraded from an old version. Let them know that we will start updating to stable versions.
+    if begin; not test -f $OMF_CONFIG/channel; and command git -C "$OMF_PATH" symbolic-ref -q HEAD > /dev/null; end
+      set_color $fish_color_quote ^/dev/null; or set_color yellow --bold
+      echo ">> You have been switched to the stable release channel of Oh My Fish."
+      echo ">> To switch back to the development channel, run `omf channel dev`."
+      set_color normal
+    end
+
+    # Determine the remote to fetch from.
+    set -l remote origin
+    if test (command git -C "$OMF_PATH" config --get remote.upstream.url)
+      set remote upstream
+    end
+
+    # Fetch the latest tags.
+    command git -C "$OMF_PATH" fetch --quiet --tags $remote
+      # Get the commit for the latest release.
+      and set -l hash (command git -C "$OMF_PATH" rev-list --tags='v*' --max-count=1 ^ /dev/null)
+      # Get the release tag.
+      and set -l tag (command git -C "$OMF_PATH" describe --tags $hash)
+      # Checkout the release.
+      and command git -C "$OMF_PATH" checkout --quiet tags/$tag
+      and return 0
+
+    # Something went wrong.
+    echo (omf::err)"No release versions found."(omf::off)
+    return 1
+  else
+    # Determine the branch to use for the dev channel.
+    set -q OMF_DEV_BRANCH
+      or set -l OMF_DEV_BRANCH master
+
+    # Switch to the master branch if we are in a detached head.
+    command git -C "$OMF_PATH" symbolic-ref -q HEAD > /dev/null
+      or command git -C "$OMF_PATH" checkout $OMF_DEV_BRANCH --quiet
+
+    # Pull the latest for the current branch.
+    omf.repo.pull $OMF_PATH
+  end
 end
diff --git a/pkg/omf/functions/core/omf.version.fish b/pkg/omf/functions/core/omf.version.fish
new file mode 100644
index 00000000..74644238
--- /dev/null
+++ b/pkg/omf/functions/core/omf.version.fish
@@ -0,0 +1,3 @@
+function omf.version
+  command git -C "$OMF_PATH" describe --tags --match 'v*' --always | cut -c 2-
+end
diff --git a/pkg/omf/functions/omf.fish b/pkg/omf/functions/omf.fish
index 15c96616..9a296683 100644
--- a/pkg/omf/functions/omf.fish
+++ b/pkg/omf/functions/omf.fish
@@ -64,9 +64,15 @@ function omf -d "Oh My Fish"
     case "u" "update"
       omf.cli.update $arguments
 
+    case "channel"
+      omf.cli.channel $arguments
+
     case "search"
       omf.cli.search $arguments
 
+    case "version"
+      omf.cli.version $arguments
+
     case "*"
       echo (omf::err)"$argv[1] option not recognized"(omf::off) 1^&2
       return $OMF_UNKNOWN_OPT