Intravenous (IV) fluids are chemically prepared solutions used to replace lost fluids and aid in medication delivery, categorized into colloids, crystalloids, blood products, and O2-carrying solutions. Colloids contain large proteins and are used to increase blood volume but are expensive and have specific storage needs, while crystalloids contain electrolytes without large proteins and can be isotonic, hypertonic, or hypotonic. Maintenance fluid rates can be calculated using specific formulas based on a patient's weight.