The fluid mosaic model proposes that the cell membrane is composed of a lipid bilayer with proteins embedded within it. This gives the membrane a fluid and mosaic-like structure. The lipid bilayer consists of phospholipids, glycolipids, and sterols like cholesterol. Proteins make up 30% of the membrane and include integral proteins embedded in the bilayer and peripheral proteins attached to its surface. Together, the lipids and proteins allow the membrane to be selectively permeable and carry out functions like transport, signaling, and providing the cell with structure and protection.