The discussion centers on calculating heat exchange during an isothermal expansion of an ideal gas in a balloon as it rises from a depth of 10m to 3m in a lake. Participants clarify that during isothermal expansion, the internal energy remains unchanged, and work done equals the heat transfer. There is debate over the correct expression for external pressure, with suggestions that it should be treated as constant, despite the pressure of water being depth-dependent. The conversation highlights that while the equation of state PV=nRT holds, the rapidity of the transformation affects the assumptions about reversibility. Ultimately, the correct external pressure to use for calculations is that corresponding to the final depth, h2, complicating the analysis.