Multiple emulsions are complex systems that contain both water-in-oil (W/O) and oil-in-water (O/W) emulsions. They are thermodynamically unstable and require a combination of hydrophilic and hydrophobic surfactants to stabilize them. Common types include W/O/W and O/W/O emulsions. Multiple emulsions can prolong the release of active ingredients and have applications in controlled drug delivery, targeted delivery, and more. They are prepared using techniques like solvent evaporation or double emulsification and provide a novel carrier system for drugs, cosmetics, and other agents.