This document discusses lipids. It defines lipids as organic biomolecules composed mainly of long hydrocarbon chains formed by an ester linkage between alcohols and fatty acids. Lipids are classified as simple, complex, or derived. Simple lipids include fats and waxes, which are esters of fatty acids with glycerol or other alcohols. Complex lipids contain additional groups like phospholipids with phosphoric acid or glycolipids with carbohydrates. Derived lipids are hydrolysis products of simple and complex lipids. The document outlines the structure, properties, types and examples of lipids and discusses their roles in biological membranes and energy storage.