Final answer:
Lipids encompass a variety of hydrophobic compounds essential for energy storage and cellular functions, with fats being a primary example.
Explanation:
Lipids are a diverse group of compounds that are hydrophobic and insoluble in water. They include fats, oils, waxes, phospholipids, and steroids. One example of a lipid is fat, which serves as a major energy source and plays important roles in cell membranes, insulation, and hormone production.
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