No its below the skin, (first off let me say this is not a serious condition at all what soever, its basically cosmetic)
It like a glob of fat. It isnt a busted blood vessel. It doesnt hurt.
A lipoma and a wart could both be caused by a virus for all I know. Lipoma-sarcoma is a serious cancerous condition but the rareity of that is high.
I suspect it will clear itself, I can watch diet(excess of breakfast burritos???), and be fine.
There is a high incidence in middle aged.people which would lead me to beleive its virus caused and apart of a normal life of viral-assault we undergo.
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