Lipoma is the most common soft tissue tumor arising from yellow fat deposits. It presents as a mobile, lobular mass that is non-tender and has a characteristic "slip sign" where the mass can slip between the examiner's fingers. Lipomas most commonly occur as encapsulated soft tissue masses but can also be found in various locations throughout the body. While lipomas are generally benign and can be excised, certain histological subtypes or locations carry a higher risk of malignant transformation.