Lipids are organic compounds that include fats, oils, waxes, and steroids. They are insoluble in water but soluble in nonpolar solvents. The main types of lipids are fatty acids, triglycerides, phospholipids, sterols, and prostaglandins. Fatty acids are the building blocks of lipids and contain long hydrocarbon chains that can be saturated or unsaturated. Triglycerides are composed of fatty acids bound to a glycerol molecule and are the main constituents of fats and oils. Phospholipids and sterols such as cholesterol are important components of cell membranes.