The document provides information about lipids including: - Lipids do not dissolve in water and include triglycerides, phospholipids, and sterols. - Fatty acids can be saturated, monounsaturated, or polyunsaturated depending on the number of double bonds. - Triglycerides are the most common form of lipids and contain a glycerol backbone attached to three fatty acids. - Phospholipids also contain a glycerol backbone but have a phosphorus compound. They are a component of cell membranes.