A 1220 kg cylindrical object cannot have zero moment of inertia in outer space if it has a uniform mass distribution. All objects with mass possess a non-zero moment of inertia, regardless of their rotational state. The discussion highlights confusion regarding the calculation of moment of inertia when both torque and angular acceleration are zero, which is deemed incorrect. The participants emphasize that the moment of inertia is dependent on the object's mass and shape, not its rotation. Clarification on these physics principles is necessary before addressing any misconceptions with a professor.