This document provides an overview of lipids. It defines lipids as organic compounds that are esters of fatty acids or substances associated with them in nature. Lipids are insoluble in water but soluble in nonpolar solvents. They are important dietary constituents due to their high energy value and content of fat-soluble vitamins and essential fatty acids. Lipids are classified into simple lipids like triglycerides and waxes, and compound lipids including phospholipids and glycolipids. The document discusses the structures, properties and reactions of fatty acids and various lipid subgroups.