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Lipids. Lipids are very diverse in both their respective structures and functions. These diverse compounds that make up the lipid family are so grouped because they are insoluble in water. They are however soluble in other organic solvents such as ether, acetone, and other lipids.Major lipid groups include fats, phospholipids, steroids, and waxes.hese diverse compounds that make up the lipid family are so grouped because they are insoluble in water. They are however soluble in other organic solvents such as ether, acetone, and other lipids.
Lipid-soluble means that something will dissolve in lipids. Generally, nonpolar molecules are lipid-soluble. Water-soluble means that something will dissolve in water. Generally, polar molecules dissolve in water. You can find the rest in your textbook.t is called the hydrophilic, or water-loving, portion of the lipid molecule. In contrast, the two tails of each lipid molecule are non-polar and water insoluble. They are composed of long-chain fatty acids which are hydrophobic, or water-hating, in nature.