This document outlines the key objectives and content to be covered in a lecture on lipids. It will discuss the structures of common fatty acids, how fatty acid chain length and saturation affect melting point. It will also define triglycerides, phospholipids, and the sites of action and products of phospholipases. The roles of pancreatic lipase, phospholipases, and bile acids in digesting and absorbing lipids will be explained. Finally, it will discuss why specialized lipoprotein particles are necessary to transport triglycerides and cholesterol in the bloodstream.