The symbol 4πε0r^2 represents the formula for the electric field of a point charge, where ε0 is the permittivity of free space. The term ε0, pronounced "epsilon-zero" or "epsilon-naught," is a constant valued at approximately 8.854187817 × 10^-12 F/m. Participants in the discussion emphasize that recognizing symbols as Greek letters is helpful, but understanding their significance in physics requires further knowledge. Additionally, there are suggestions to use online resources like Google or Wikipedia for more information. The conversation highlights the importance of both recognizing symbols and comprehending their applications in scientific contexts.