A function f that meets the criteria of being discontinuous while having both |f| and f² integrable is f(x) = 1 for rational x and -1 for irrational x. This function is discontinuous everywhere, which aligns with the requirement for f. The discussion emphasizes that for Riemann or Newton integrals, such a function would not be integrable, but it is integrable in the broader sense. The participants acknowledge the challenge of finding such a function and express gratitude for the insights shared. Overall, the conversation highlights the nuances of integrability in mathematical analysis.