What is pallet wood? Pallets are wooden squares that goods and materials are stacked on to transport and store the goods in stores and warehouses. They are built so that they can be lifted with pallet jack and forklifts. This helps to make the good easier to move around when space is needed. It also enables people to send goods in larger amounts. Pallets can also be used in houses to stack items on to store them and keep them off of the floor. Pallets are very versatile and can be used for many things, but did you know you can repurpose them in a lot more ways than just using them as pallets?