The limbic system is a group of brain structures located on the edge of the brain involved in emotion, behavior, motivation, long-term memory, and olfaction. It includes structures like the hippocampus, amygdala, cingulate gyrus, parahippocampal gyrus, and others. The limbic system is interconnected and influences functions like emotional responses, memory formation, instinctual behaviors, and the autonomic nervous system. It is also involved in regulating behaviors important for survival like fear, sex, and memory through connections with the hypothalamus and brainstem.