The Colpitts oscillator is a type of oscillator that uses an LC circuit in the feedback loop. The feedback network is made up of two capacitors (C1 and C2) tapped on an inductor L. The output voltage is developed across C1, while the feedback voltage is developed across C2. For oscillations to occur, the loop gain must be greater than unity. Colpitts oscillators have good wave purity and stability at high frequencies, making them well-suited for applications like communication circuits and frequency sources. However, they can be difficult to design and have poor isolation between load impedance and oscillation frequency.