This document discusses lipids, their types and functions. It begins by defining lipids as biomolecules that are soluble in organic solvents but not water. Lipids serve important biological roles such as storing energy, forming cell membranes, and acting as chemical messengers. The document then classifies lipids and describes the structures and properties of various types of lipids including fats, fatty acids, glycerophospholipids, sphingolipids, glycolipids, sterols and prostaglandins. It emphasizes the roles of lipids such as cholesterol in cell membranes and as precursors to steroid hormones.