The discussion centers on calculating the water displacement of a 295-foot barge, with a formula proposed as length times width times depth. The calculation yields a displacement of 140,715 cubic feet, which is essential for determining the barge's weight capacity. The conversation explores the buoyancy principles, emphasizing that the weight of the water displaced equals the weight of the barge. Comparisons between aluminum, steel, and concrete barges highlight that aluminum may allow for greater payload due to its lower density, while concrete is deemed less favorable due to its brittleness. Ultimately, the discussion underscores the importance of material properties and structural considerations in barge design and weight capacity.