Neuroendocrine tumors, particularly carcinoid tumors, are low-grade malignancies commonly found in the gastrointestinal tract, primarily in the appendix and ileum. These tumors arise from endocrine cells and can lead to carcinoid syndrome when metastasizing to the liver, resulting in symptoms like diarrhea and flushing. Prognosis varies by location, with foregut tumors rarely metastasizing while midgut carcinoids are often aggressive.