Polynomials in two variables can be expressed in different forms, similar to polynomials in one variable. A quadratic polynomial like Q(x,y) can represent various geometric figures such as circles, ellipses, hyperbolas, or parabolas when plotted on the X-Y plane. To determine the specific form, one can calculate the discriminant and rotate the coordinate system to eliminate cross terms, leading to a standard form for the geometric figure. However, factorization of the polynomial Q(x,y) into a product of linear factors is complex and does not have a general solution due to the nature of the resulting equations in the (p,q,r) space. The discussion highlights the challenges in finding a consistent intersection of these equations, suggesting that while alternative forms exist, factorization remains intricate.