Phylum Cnidaria contains stinging cells called cnidocytes that contain nematocysts. They have a sac-like body plan with a gastrovascular cavity. Their life cycle involves both asexual and sexual phases - polyps can reproduce asexually while medusae are the sexual phase. Important classes include Scyphozoa, Cubozoa, Hydrozoa, and Anthozoa. Cnidarians are ecologically important as they provide habitat and protect coastlines with coral reefs.