diff --git a/Lib/test/test_itertools.py b/Lib/test/test_itertools.py
index 5672104..7b2362d 100644
--- a/Lib/test/test_itertools.py
+++ b/Lib/test/test_itertools.py
@@ -1465,6 +1465,14 @@
         self.assertRaises(AssertionError, list, cycle(gen1()))
         self.assertEqual(hist, [0,1])
 
+    def test_long_chain_of_empty_iterables(self):
+        # Make sure itertools.chain doesn't run into recursion limits when
+        # dealing with long chains of empty iterables. Even with a high
+        # number this would probably only fail in Py_DEBUG mode.
+        it = chain.from_iterable(() for unused in xrange(10000000))
+        with self.assertRaises(StopIteration):
+            next(it)
+
 class SubclassWithKwargsTest(unittest.TestCase):
     def test_keywords_in_subclass(self):
         # count is not subclassable...
diff --git a/Misc/NEWS b/Misc/NEWS
index 0ca08d6..559a808 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -42,6 +42,9 @@
 Library
 -------
 
+- bpo-29942: Fix a crash in itertools.chain.from_iterable when encountering
+  long runs of empty iterables.
+
 - bpo-29861: Release references to tasks, their arguments and their results
   as soon as they are finished in multiprocessing.Pool.
 
diff --git a/Modules/itertoolsmodule.c b/Modules/itertoolsmodule.c
index f91501b..cf3aadf 100644
--- a/Modules/itertoolsmodule.c
+++ b/Modules/itertoolsmodule.c
@@ -1708,33 +1708,37 @@
 {
     PyObject *item;
 
-    if (lz->source == NULL)
-        return NULL;                                    /* already stopped */
-
-    if (lz->active == NULL) {
-        PyObject *iterable = PyIter_Next(lz->source);
-        if (iterable == NULL) {
-            Py_CLEAR(lz->source);
-            return NULL;                                /* no more input sources */
-        }
-        lz->active = PyObject_GetIter(iterable);
-        Py_DECREF(iterable);
+    /* lz->source is the iterator of iterables. If it's NULL, we've already
+     * consumed them all. lz->active is the current iterator. If it's NULL,
+     * we should grab a new one from lz->source. */
+    while (lz->source != NULL) {
         if (lz->active == NULL) {
-            Py_CLEAR(lz->source);
-            return NULL;                                /* input not iterable */
+            PyObject *iterable = PyIter_Next(lz->source);
+            if (iterable == NULL) {
+                Py_CLEAR(lz->source);
+                return NULL;                  /* no more input sources */
+            }
+            lz->active = PyObject_GetIter(iterable);
+            Py_DECREF(iterable);
+            if (lz->active == NULL) {
+                Py_CLEAR(lz->source);
+                return NULL;                  /* input not iterable */
+            }
         }
+        item = PyIter_Next(lz->active);
+        if (item != NULL)
+            return item;
+        if (PyErr_Occurred()) {
+            if (PyErr_ExceptionMatches(PyExc_StopIteration))
+                PyErr_Clear();
+            else
+                return NULL;                  /* input raised an exception */
+        }
+        /* lz->active is consumed, try with the next iterable. */
+        Py_CLEAR(lz->active);
     }
-    item = PyIter_Next(lz->active);
-    if (item != NULL)
-        return item;
-    if (PyErr_Occurred()) {
-        if (PyErr_ExceptionMatches(PyExc_StopIteration))
-            PyErr_Clear();
-        else
-            return NULL;                                /* input raised an exception */
-    }
-    Py_CLEAR(lz->active);
-    return chain_next(lz);                      /* recurse and use next active */
+    /* Everything had been consumed already. */
+    return NULL;
 }
 
 PyDoc_STRVAR(chain_doc,