Foliated fracton order is a qualitatively new kind of phase of matter. It is
similar to topological order, but with the fundamental difference that a
layered structure, referred to as a foliation, plays an essential role and
determines the mobility restrictions of the topological excitations. In this
work, we introduce a new kind of field theory to describe these phases: a
foliated field theory. We also introduce a new lattice model and
string-membrane-net condensation picture of these phases, which is analogous to
the string-net condensation picture of topological order.