The discussion clarifies that cosine is essentially a phase-shifted version of sine, represented mathematically as sin(θ) = cos(θ - π/2). In a right triangle, sine relates to the opposite side over the hypotenuse, while cosine relates to the adjacent side over the hypotenuse. The sawtooth appearance mentioned in relation to sine and cosine functions is not directly generated by these functions themselves, but rather relates to Fourier series or transforms. Additionally, sine is classified as an odd function and cosine as an even function, highlighting their symmetrical properties. Overall, the conversation emphasizes the mathematical relationships and properties of sine and cosine functions.