The discussion centers on the incorrect assertion that "the cosine of a vector is equal to the opposite over its magnitude." Participants clarify that cosine is defined for angles, not vectors, and emphasize that the term "opposite" is improperly used in this context. The correct interpretation is that cosine relates to the ratio of the adjacent side to the hypotenuse in a right triangle, not to vector components. Additionally, the statement regarding the cosine representing the y component of a vector over its magnitude is also deemed false. Overall, the conversation highlights misunderstandings about the definition and application of cosine in relation to vectors.