diff --git a/config.def.h b/config.def.h
index 5187c08a67..baa9068185 100644
--- a/config.def.h
+++ b/config.def.h
@@ -406,6 +406,7 @@ static const struct retro_keybind retro_keybinds_1[] = {
    { true, RARCH_ENABLE_HOTKEY,              RETROK_UNKNOWN, NO_BTN,     AXIS_NONE },
    { true, RARCH_VOLUME_UP,                  RETROK_KP_PLUS, NO_BTN,     AXIS_NONE },
    { true, RARCH_VOLUME_DOWN,                RETROK_KP_MINUS, NO_BTN,    AXIS_NONE },
+   { true, RARCH_OVERLAY_NEXT,               RETROK_UNKNOWN, NO_BTN,     AXIS_NONE },
 };
 
 // Player 2-5
diff --git a/driver.h b/driver.h
index 404012c924..60f9762dbe 100644
--- a/driver.h
+++ b/driver.h
@@ -99,6 +99,7 @@ enum // RetroArch specific bind IDs.
    RARCH_ENABLE_HOTKEY,
    RARCH_VOLUME_UP,
    RARCH_VOLUME_DOWN,
+   RARCH_OVERLAY_NEXT,
 
 #ifdef RARCH_CONSOLE
    RARCH_CHEAT_INPUT,
diff --git a/input/input_common.c b/input/input_common.c
index ece76fd3ec..104bf190a0 100644
--- a/input/input_common.c
+++ b/input/input_common.c
@@ -539,6 +539,7 @@ static const struct str_to_bind_map str_to_bind[] = {
    { "enable_hotkey",         RARCH_ENABLE_HOTKEY },
    { "volume_up",             RARCH_VOLUME_UP },
    { "volume_down",           RARCH_VOLUME_DOWN },
+   { "overlay_next",          RARCH_OVERLAY_NEXT },
 };
 
 unsigned input_str_to_bind(const char *str)
diff --git a/retroarch.c b/retroarch.c
index 2cc0614590..a308b273dd 100644
--- a/retroarch.c
+++ b/retroarch.c
@@ -2310,8 +2310,8 @@ static void check_turbo(void)
 #ifdef HAVE_XML
 static void check_shader_dir(void)
 {
-   static bool old_pressed_next = false;
-   static bool old_pressed_prev = false;
+   static bool old_pressed_next;
+   static bool old_pressed_prev;
 
    if (!g_extern.shader_dir.list || !driver.video->set_shader)
       return;
@@ -2370,9 +2370,9 @@ static void check_cheats(void)
    if (!g_extern.cheat)
       return;
 
-   static bool old_pressed_prev = false;
-   static bool old_pressed_next = false;
-   static bool old_pressed_toggle = false;
+   static bool old_pressed_prev;
+   static bool old_pressed_next;
+   static bool old_pressed_toggle;
 
    bool pressed_next = input_key_pressed_func(RARCH_CHEAT_INDEX_PLUS);
    bool pressed_prev = input_key_pressed_func(RARCH_CHEAT_INDEX_MINUS);
@@ -2394,7 +2394,7 @@ static void check_cheats(void)
 #if defined(HAVE_SCREENSHOTS) && !defined(_XBOX)
 static void check_screenshot(void)
 {
-   static bool old_pressed = false;
+   static bool old_pressed;
    bool pressed = input_key_pressed_func(RARCH_SCREENSHOT);
    if (pressed && !old_pressed)
       take_screenshot();
@@ -2409,7 +2409,7 @@ static void check_dsp_config(void)
    if (!g_extern.audio_data.dsp_plugin || !g_extern.audio_data.dsp_plugin->config)
       return;
 
-   static bool old_pressed = false;
+   static bool old_pressed;
    bool pressed = input_key_pressed_func(RARCH_DSP_CONFIG);
    if (pressed && !old_pressed)
       g_extern.audio_data.dsp_plugin->config(g_extern.audio_data.dsp_handle);
@@ -2424,7 +2424,7 @@ static void check_mute(void)
    if (!g_extern.audio_active)
       return;
 
-   static bool old_pressed = false;
+   static bool old_pressed;
    bool pressed = input_key_pressed_func(RARCH_MUTE);
    if (pressed && !old_pressed)
    {
@@ -2475,7 +2475,7 @@ static void check_volume(void)
 #ifdef HAVE_NETPLAY
 static void check_netplay_flip(void)
 {
-   static bool old_pressed = false;
+   static bool old_pressed;
    bool pressed = input_key_pressed_func(RARCH_NETPLAY_FLIP);
    if (pressed && !old_pressed)
       netplay_flip_players(g_extern.netplay);
@@ -2497,6 +2497,19 @@ static void check_block_hotkey(void)
    driver.block_hotkey = !input_key_pressed_func(RARCH_ENABLE_HOTKEY);
 }
 
+static void check_overlay(void)
+{
+   if (!driver.overlay)
+      return;
+
+   static bool old_pressed;
+   bool pressed = input_key_pressed_func(RARCH_OVERLAY_NEXT);
+   if (pressed && !old_pressed)
+      input_overlay_next(driver.overlay);
+
+   old_pressed = pressed;
+}
+
 static void do_state_checks(void)
 {
    check_block_hotkey();
@@ -2510,6 +2523,7 @@ static void do_state_checks(void)
 #endif
 
    check_turbo();
+   check_overlay();
 
 #ifdef HAVE_NETPLAY
    if (!g_extern.netplay)
diff --git a/retroarch.cfg b/retroarch.cfg
index 0af2040e6b..928e2e4d44 100644
--- a/retroarch.cfg
+++ b/retroarch.cfg
@@ -356,6 +356,9 @@
 # Decreases audio volume.
 # input_volume_down = kp_minus
 
+# Toggles to next overlay. Wraps around.
+# input_overlay_next =
+
 #### Misc
 
 # Enable rewinding. This will take a performance hit when playing, so it is disabled by default.
diff --git a/settings.c b/settings.c
index 3be4b24ee7..89716575a2 100644
--- a/settings.c
+++ b/settings.c
@@ -678,6 +678,7 @@ static const struct bind_map bind_maps[MAX_PLAYERS][RARCH_BIND_LIST_END_NULL] =
       DECLARE_BIND(enable_hotkey,         RARCH_ENABLE_HOTKEY),
       DECLARE_BIND(volume_up,             RARCH_VOLUME_UP),
       DECLARE_BIND(volume_down,           RARCH_VOLUME_DOWN),
+      DECLARE_BIND(overlay_next,          RARCH_OVERLAY_NEXT),
    },
 
    { DECL_PLAYER(2) },
diff --git a/tools/retroarch-joyconfig.c b/tools/retroarch-joyconfig.c
index 0fdca81d3b..fd43fe5da0 100644
--- a/tools/retroarch-joyconfig.c
+++ b/tools/retroarch-joyconfig.c
@@ -122,6 +122,7 @@ static struct bind binds[] = {
    MISC_BIND("Hotkey enable", enable_hotkey),
    MISC_BIND("Volume up", volume_up),
    MISC_BIND("Volume down", volume_down),
+   MISC_BIND("Next overlay", overlay_next),
 };
 
 #define MAX_BUTTONS 32