The document discusses implantation, placenta formation, and the role of the placenta. It describes how the blastocyst implants in the endometrium, leading to formation of the trophoblast and decidua. This allows establishment of the uteroplacental circulation. It then details the development of the primary, secondary, and tertiary villi to form the chorionic frondosum and definitive placental villi. The placenta connects the fetus to the uterine wall, allowing for nutrient/gas exchange without mixing of maternal and fetal blood. After birth, the placenta separates from the uterine wall as the afterbirth.