Sea surface wind speed and significant wave height (SWH) are two basic parameters, in addition to sea surface height, which can be inferred from satellite altimeter measurements. Traditionally, altimeter-derived wind and wave data are less extensively used compared to sea surface height, as they are sometimes considered as by-products of satellite altimetry (in contrast to, for example, the dedicated scatterometer missions for marine wind observations). However, it is clear that altimeter-based wind and wave data have the unique advantage of being concurrent and collocated with each other. Using eight years (1993-2000) of TOPEX altimeter data with unprecedented accuracy and continuity, the 10-, 50- and 100-year return values of global wind speed and SWH are derived, their characteristics are discussed in relation to wind climatology and wind variability. Validations against in situ observations indicate that the uncertainties of altimeter-derived extreme winds and waves are at the levels of 10% and 5%, respectively. These results suggest that satellite altimeter data, with present quality and duration, can be very useful in many aspects of coastal engineering and marine technology such as design of offshore facilities, ship routing, and preparation of other sea-going activities.