diff --git a/pkgs/development/interpreters/luajit/default.nix b/pkgs/development/interpreters/luajit/default.nix
index 5b7761164472..08c0564847c5 100644
--- a/pkgs/development/interpreters/luajit/default.nix
+++ b/pkgs/development/interpreters/luajit/default.nix
@@ -7,9 +7,33 @@
 , callPackage
 , self
 , packageOverrides ? (self: super: {})
+, enableFFI ? true
+, enableJIT ? true
+, enableJITDebugModule ? enableJIT
+, enable52Compat ? false
+, enableValgrindSupport ? false
+, valgrind ? null
+, enableGDBJITSupport ? false
+, enableAPICheck ? false
+, enableVMAssertions ? false
+, useSystemMalloc ? false
 }:
+assert enableJITDebugModule -> enableJIT;
+assert enableGDBJITSupport -> enableJIT;
+assert enableValgrindSupport -> valgrind != null;
 let
   luaPackages = callPackage ../../lua-modules {lua=self; overrides=packageOverrides;};
+
+  XCFLAGS = with stdenv.lib;
+     optional (!enableFFI) "-DLUAJIT_DISABLE_FFI"
+  ++ optional (!enableJIT) "-DLUAJIT_DISABLE_JIT"
+  ++ optional enable52Compat "-DLUAJIT_ENABLE_LUA52COMPAT"
+  ++ optional useSystemMalloc "-DLUAJIT_USE_SYSMALLOC"
+  ++ optional enableValgrindSupport "-DLUAJIT_USE_VALGRIND"
+  ++ optional enableGDBJITSupport "-DLUAJIT_USE_GDBJIT"
+  ++ optional enableAPICheck "-DLUAJIT_USE_APICHECK"
+  ++ optional enableVMAssertions "-DLUAJIT_USE_ASSERT"
+  ;
 in
 stdenv.mkDerivation rec {
   inherit name version;
@@ -22,27 +46,36 @@ stdenv.mkDerivation rec {
 
   postPatch = ''
     substituteInPlace Makefile --replace ldconfig :
+    if test -n "''${dontStrip-}"; then
+      # CCDEBUG must be non-empty or everything will be stripped, -g being
+      # passed by nixpkgs CC wrapper is insufficient on its own
+      substituteInPlace src/Makefile --replace "#CCDEBUG= -g" "CCDEBUG= -g"
+    fi
   '';
 
   configurePhase = false;
 
+  buildInputs = stdenv.lib.optional enableValgrindSupport valgrind;
+
+  buildFlags = [
+    "amalg" # Build highly optimized version
+  ];
   makeFlags = [
     "PREFIX=$(out)"
     "DEFAULT_CC=cc"
     "CROSS=${stdenv.cc.targetPrefix}"
     # TODO: when pointer size differs, we would need e.g. -m32
     "HOST_CC=${buildPackages.stdenv.cc}/bin/cc"
-  ];
-  buildFlags = [ "amalg" ]; # Build highly optimized version
+  ] ++ stdenv.lib.optional enableJITDebugModule "INSTALL_LJLIBD=$(INSTALL_LMOD)";
   enableParallelBuilding = true;
+  NIX_CFLAGS_COMPILE = XCFLAGS;
 
   postInstall = ''
-      ( cd "$out/include"; ln -s luajit-*/* . )
-      ln -s "$out"/bin/luajit-* "$out"/bin/lua
-    ''
-    + stdenv.lib.optionalString (!isStable) ''
-      ln -s "$out"/bin/luajit-* "$out"/bin/luajit
-    '';
+    ( cd "$out/include"; ln -s luajit-*/* . )
+    ln -s "$out"/bin/luajit-* "$out"/bin/lua
+  '' + stdenv.lib.optionalString (!isStable) ''
+    ln -s "$out"/bin/luajit-* "$out"/bin/luajit
+  '';
 
   LuaPathSearchPaths = [
     "lib/lua/${luaversion}/?.lua" "share/lua/${luaversion}/?.lua"
@@ -70,4 +103,3 @@ stdenv.mkDerivation rec {
     maintainers = with maintainers; [ thoughtpolice smironov vcunat andir ];
   } // extraMeta;
 }
-