Cerebrospinal fluid (CSF) is a clear fluid produced by the choroid plexuses in the brain ventricles and circulates through the ventricular system before reabsorbing into the venous blood. CSF acts as a cushion and protects the brain, and its analysis through lumbar puncture can help diagnose conditions like meningitis, tumors, and other brain and spinal disorders. The procedure involves inserting a needle between vertebrae to collect CSF for examination of properties like pressure, cells, proteins, and chemicals.