The lymphatic system plays a crucial role in fluid transport, immune response, and the maintenance of bodily fluids by transporting lymph, which consists of water, plasma proteins, minerals, and white blood cells. It includes components such as lymphatic vessels, lymph nodes, and organs like the spleen, which filters lymph and contains immune cells. The flow of lymph is primarily facilitated by skeletal muscle contractions and one-way valves, ensuring the lymph returns to the cardiovascular system.