Concept:
Lanolin is a wax-like substance used as a pharmaceutical excipient.
Step 1: Lanolin is obtained from wool fat.
Step 2: Wool fat is collected from sheep wool.
Step 3: It is used in ointment bases because it has emollient and absorption properties.
Step 4: It is not plant wax, petroleum wax, or beeswax.
\[
\boxed{\text{Wool fat of sheep}}
\]