In a descending elevator moving at a constant speed of 3.2 m/s, a book is dropped from a height of 1.0 m. The problem involves calculating the time it takes for the book to hit the elevator floor, requiring the use of constant acceleration equations. The acceleration due to gravity is 9.81 m/s², and the initial velocity of the book is -3.2 m/s (relative to the elevator). Participants emphasize the importance of showing work and using the correct formulas to find both final velocity and time. To solve for time, the equations for the book and the elevator must be set equal since they reach the same final position.