The discussion centers around compiling a list of theoretical concepts in physics that were once believed to exist but are now considered unlikely, similar to magnetic monopoles. Participants suggest various examples, including aether, cosmic strings, and room-temperature superconductors, while also referencing Wikipedia entries on experimental errors and pseudoscience. There is some debate about the clarity of the original request, with concerns that the thread lacks a focused question and may have been initiated for controversy rather than genuine inquiry. The conversation highlights the difficulty in defining what constitutes non-existent theories and the challenges of creating a comprehensive list. Ultimately, the thread is closed due to the original poster's lack of engagement.