diff --git a/README.rst b/README.rst
index dcd0a8b..102bca8 100644
--- a/README.rst
+++ b/README.rst
@@ -28,13 +28,14 @@ If you wish to download the source and install from GitHub:
 .. code-block:: bash
 
     git clone git@github.com:mailgun/expiringdict.git
+    cd expiringdict
     python setup.py install
 
 or to install with test dependencies (`Nose <http://readthedocs.org/docs/nose/en/latest/>`_, `Mock <http://www.voidspace.org.uk/python/mock/>`_, `coverage <http://nedbatchelder.com/code/coverage/>`_) run from the directory above:
 
 .. code-block:: bash
 
-    pip install -e expiringdict[test]
+    pip install -e .[test]
 
 To run tests with coverage:
 
diff --git a/expiringdict/__init__.py b/expiringdict/__init__.py
index 56ba71d..220f0eb 100755
--- a/expiringdict/__init__.py
+++ b/expiringdict/__init__.py
@@ -116,7 +116,7 @@ def ttl(self, key):
         Returns None for non-existent or expired keys.
         """
         key_value, key_age = self.get(key, with_age=True)  # type: Any, Union[None, float]
-        if key_age:
+        if key_age is not None:
             key_ttl = self.max_age - key_age
             if key_ttl > 0:
                 return key_ttl
@@ -244,3 +244,20 @@ def __copy_dict(self, items):
 
     def __copy_reduced_result(self, items):
         [self.__setitem__(key, value, set_time) for key, (value, set_time) in items[1]]
+
+
+def memoize(max_len, max_age_seconds):
+    cache = ExpiringDict(max_len, max_age_seconds)
+
+    def wrap(fn):
+        def wrapped_fn(*args, **kwargs):
+            key = (args, frozenset(kwargs.items()))
+            result = cache.get(key)
+            if result is None:
+                result = fn(*args)
+                cache[key] = result
+            return result
+
+        return wrapped_fn
+
+    return wrap
diff --git a/setup.py b/setup.py
index 17d166e..763df4a 100644
--- a/setup.py
+++ b/setup.py
@@ -40,5 +40,6 @@
           "typing",
       ],
       extras_require={
+          "test": tests_require,
           "tests": tests_require,
       })
diff --git a/tests/expiringdict_test.py b/tests/expiringdict_test.py
old mode 100644
new mode 100755
index 78929f1..dcd6092
--- a/tests/expiringdict_test.py
+++ b/tests/expiringdict_test.py
@@ -3,7 +3,7 @@
 from mock import Mock, patch
 from nose.tools import assert_raises, eq_, ok_
 
-from expiringdict import ExpiringDict
+from expiringdict import ExpiringDict, memoize
 
 
 def test_create():
@@ -94,14 +94,15 @@ def test_ttl():
     d['a'] = 'x'
 
     # existent non-expired key
-    ok_(0 < d.ttl('a') < 10)
+    # TTL can be 10 if the machine is very fast.
+    ok_(0 < d.ttl('a') <= 10)
 
     # non-existent key
     eq_(None, d.ttl('b'))
 
     # expired key
     with patch.object(ExpiringDict, '__getitem__',
-                      Mock(return_value=('x', 10**9))):
+                      Mock(return_value=('x', 10 ** 9))):
         eq_(None, d.ttl('a'))
 
 
@@ -122,3 +123,48 @@ def test_not_implemented():
     assert_raises(NotImplementedError, d.viewitems)
     assert_raises(NotImplementedError, d.viewkeys)
     assert_raises(NotImplementedError, d.viewvalues)
+
+
+def test_memoize():
+    @memoize(max_len=10, max_age_seconds=10)
+    def noargs():
+        return 0
+
+    eq_(0, noargs())
+
+    @memoize(max_len=250, max_age_seconds=10)
+    def fib(n):
+        if n == 0:
+            return 0
+        elif n == 1:
+            return 1
+        return fib(n - 1) + fib(n - 2)
+
+    eq_(280571172992510140037611932413038677189525, fib(200))
+
+
+def test_memoize_class():
+    class A(object):
+        def __init__(self, value):
+            self.value = value
+
+        @memoize(max_len=10, max_age_seconds=5)
+        def get_value(self, arg, kwarg=1):
+            return self.value
+
+    # with no kwargs
+    original_value = 'val'
+    a = A(original_value)
+    ok_(original_value is a.get_value(0))
+    a.value = 'new val'
+    ok_(original_value is a.get_value(0))
+
+    original_value = 'new A val'
+    new_a = A(original_value)
+    ok_(a.get_value(0) != new_a.get_value(0))
+    eq_(new_a.value, new_a.get_value(0))
+
+    # with kwargs
+    ok_(original_value is new_a.get_value(0, kwarg=2))
+    new_a.value = 'new A new val'
+    ok_(original_value is new_a.get_value(0, kwarg=2))