Cubic asymptotes can exist in rational functions if the degree of the numerator is three greater than the degree of the denominator. Unlike traditional asymptotes, which are straight lines, curvilinear asymptotes can be curves, including cubic polynomials. The discussion highlights confusion around the definitions of quadratic and cubic asymptotes, emphasizing the importance of understanding these terms. It is noted that asymptotes do not have to be straight lines, as any curve can serve as an asymptote if the graph approaches it without reaching it. Overall, the conversation clarifies that nonlinear asymptotes are indeed possible in rational functions.