We develop a field theory description of non-dissipative string fluids and construct an explicit mapping between field theory degrees of freedom and hydrodynamic variables. The theory generalizes both a perfect particle fluid and pressureless string fluid to what we call a perfect string fluid. Ideal magnetohydrodynamics is shown to be an example of the perfect string fluid whose equations of motion can be obtained from a particular choice of the Lagrangian. The Lagrangian framework suggests a straightforward extension of the perfect string fluid to more general anisotropic fluids describing higher dimensional branes such as domain walls. Other modifications of the Lagrangian are discussed which may be useful in describing relativistic superfluids and fluids containing additional currents.