The document discusses amniotic fluid, which surrounds and protects the fetus during pregnancy. It defines amniotic fluid and describes its physiology, development, composition, volume regulation, and diagnostic/therapeutic uses. Amniotic fluid serves several roles, including allowing fetal movement and development of organ systems. Its volume is regulated through pathways like fetal urination, lung fluid production, and transfer across membranes. Abnormalities in volume can indicate fetal or placental issues and affect pregnancy outcomes.