Meconium aspiration syndrome is a common cause of respiratory failure in term and post-term infants caused by inhalation of meconium-stained amniotic fluid before, during, or after birth. It can range from mild respiratory issues to severe forms that can lead to death. Risk factors include fetal distress, umbilical cord compression, post-term birth, and breech presentation. Clinically, affected infants may experience tachypnea, retractions, grunting, and decreased breath sounds. Chest x-rays can show infiltrates, atelectasis, and pneumothorax. Management involves respiratory support, antibiotics, surfactant therapy, and measures to maintain temperature and oxygen levels.