The instantaneous axis of rotation (IAOR) refers to the point around which a rigid body is momentarily rotating. For example, a rod rotating about its center while moving can have one end at rest, making it the IAOR. Similarly, a rolling wheel has its contact point with the ground as the IAOR. The discussion also explores methods to calculate angular velocity for a rod positioned between two walls, questioning the application of energy conservation due to the varying nature of the IAOR. Despite concerns, it is clarified that energy conservation can still be applied in this scenario as long as friction is not present.