The discussion centers on whether the function y=abs(x) qualifies as an elementary function. Participants express confusion over the definition of elementary functions, with some believing that y=|x| is not elementary. A suggestion is made to express the absolute value function in terms of squares and square roots, specifically noting that |a| can be represented as SQRT(a^2). The conversation references Wikipedia for further clarification on the absolute value function. Ultimately, the consensus leans toward y=abs(x) being classified as an elementary function.