The discussion centers on estimating the number of galaxies in the observable universe based on the Hubble deep sky image, which shows about 10,000 galaxies in a 3 x 3 arc minute area. Calculations suggest that this small area represents approximately one ten millionth of the celestial sphere, leading to estimates of around 155 to 165 billion galaxies in total. However, participants note that this is likely an underestimate, as many dim galaxies remain unseen by Hubble. The calculations are refined using the Moon's radius to determine the area and extrapolate the total number of galaxies, resulting in figures around 1.52 x 10^11. The conversation emphasizes the complexity of defining the observable universe and the limitations of current observations.