Phospholipids are a class of lipids that are a major component of all cell membranes, forming the bilayer that provides structure and fluidity. They consist of two fatty acid tails and a phosphate group attached to a glycerol backbone, which contributes to their amphipathic nature, meaning they have both hydrophilic (water-attracting) and hydrophobic (water-repelling) parts. This unique structure plays a critical role in membrane dynamics and cellular functions.