Molar pregnancy is a rare condition resulting from abnormal fertilization, leading to the formation of a non-viable tumor instead of a viable embryo. There are two types: complete molar pregnancy with no embryo and partial molar pregnancy that includes an abnormal embryo, both resulting in symptoms like vaginal bleeding and high hCG levels. Treatment involves surgical removal and monitoring, with a good prognosis for future pregnancies, though there is a slight risk of recurrence.