Ummm. Wow. Placenta shampoo. I had to do a little bit of research on the computer when I got home, just in case there is some other definition of 'placenta' out there, but no...it means just what you would think it would mean.
The only thing that makes this slightly less horrifying than it might otherwise be is that it is made with 'placenta enzymes' rather than the real thing.
Makes me feel less bad about the possible ingredients of Head and Shoulders.