Three regimes of liquid flow over a body are defined, namely: (a) noncavitating flow; (b) cavitating flow with a relatively small number of cavitation bubbles in the field of flow; and (c) cavitating flow with a single large cavity about the body. The assumption is made that, for the second regime of flow, the pressure coefficient in the flow field is no different from that in the noncavitating flow. On this basis, the equation of motion for the growth and collapse of a cavitation bubble containing vapor is derived and applied to experimental observations on such bubbles. The limitations of this equation of motion are pointed out, and include the effect of the finite rate of evaporation and condensation, and compressibility of vapor and liquid. A brief discussion of the role of “nuclei” in the liquid in the rate of formation of cavitation bubbles is also given.