Triangles can be classified based on their side lengths and angle measures. There are three types based on sides - equilateral (all sides equal), isosceles (two or more equal sides), and scalene (no equal sides). There are also four types based on angles - acute (all angles less than 90 degrees), right (one 90 degree angle), obtuse (one angle greater than 90 degrees), and equiangular (all angles equal). The triangle inequality theorem states that the sum of any two sides of a triangle must be greater than the third side. This can be used to determine if a set of side lengths forms a triangle or the possible range of values for the third side.