It’s taken Google a little while to catch up with Safari to fully support the new full screen features in OS X 10.7 but an update is now available to do just that.  As well as supporting native full screen, the update also brings overlay toolbars to Chrome.  These features are not necessarily new and have been available for some time in the developer releases of Chrome, but of course these were not widely available and were quite unstable for day-to-day use.

To get the update, all you need to do is go to the Chrome menu and select About Google Chrome and then select Update Now, you can also download the update directly from Google servers by following this link.