To create commutative 2X2 matrices M and N, one can start with the zero matrix, which commutes with any other matrix. The discussion reveals that for two matrices to commute, specific conditions must be satisfied, leading to a set of equations derived from matrix multiplication. The conversation emphasizes that there are infinitely many matrices that can commute with a given matrix, and the only matrices that commute with all others are multiples of the identity matrix. The participants explore various examples and conditions, ultimately finding clarity in the rules governing commutative matrices. Understanding these principles can aid in constructing specific commutative matrix pairs.