With the mounting realization that variability is an inevitable part of human behavior comes the need to integrate this phenomenon in concomitant models and theories of motor control. Among other things, this has resulted in a debate throughout the last decades about the origin of variability in behavior, the outcome of which has important implications for motor control theories. To date, a monofractal formalism of variability has been used as the basis for arguing for component- versus interaction-oriented theories of motor control. However, monofractal formalism alone cannot decide between the opposing sides of the debate. The present theoretical overview introduces multifractal formalisms as a necessary extension of the conventional monofractal formalism. In multifractal formalisms, the scale invariance of behavior is numerically defined as a spectrum of scaling exponents, rather than a single average exponent as in the monofractal formalism. Several methods to estimate the multifractal spectrum of scaling exponents - all within two multifractal formalisms called large deviation and Legendre formalism - are introduced and briefly discussed. Furthermore, the multifractal analyses within these two formalisms are applied to several performance tasks to illustrate how explanations of motor control vary with the methods used. The main section of the theoretical overview discusses the implications of multifractal extensions of the component- and interaction-oriented models for existing theories of motor control.