Snow molds are a group of fungi that attack dormant plants under snow. In this paper, their survival strategies are illustrated with regard to adaptation to the unique environment under snow. Snow molds consist of diverse taxonomic groups and are divided into obligate and facultative fungi. Obligate snow molds exclusively prevail during winter with or without snow, whereas facultative snow molds can thrive even in the growing season of plants. Snow molds grow at low temperatures in habitats where antagonists are practically absent, and host plants deteriorate due to inhibited photosynthesis under snow. These features characterize snow molds as opportunistic parasites. The environment under snow represents a habitat where resources available are limited. There are two contrasting strategies for resource utilization, i.e., individualisms and collectivism. Freeze tolerance is also critical for them to survive freezing temperatures, and several mechanisms are illustrated. Finally, strategies to cope with annual fluctuations in snow cover are discussed in terms of predictability of the habitat.