This document provides an overview of liquid crystal phases. It discusses the history of liquid crystals, introducing key figures like Reinitzer and Lehmann. It describes that liquid crystals have properties of both liquids and crystals, with varying degrees of positional and orientational order. There are two main types of liquid crystals - lyotropic, which form when amphiphiles are dissolved in solvents, and thermotropic, which form when compounds are heated or cooled. Common liquid crystal phases include nematic, smectic, and cholesteric. Order parameters are used to quantify the amount of order in different phases. The document concludes by covering some applications of liquid crystals in pharmaceuticals, cosmetics, and for solubility enhancement.