The discussion revolves around whether light emitted from a bulb is a continuous wave or a collection of photons emitted randomly. It highlights that photons, while behaving like particles, can interact in ways that make them act collectively like a wave, though they are not coherent in incandescent bulbs. The emission of light is primarily due to the heat generated in the filament, which causes electromagnetic radiation to be released. It is emphasized that classical physics fails to accurately describe this phenomenon without incorporating quantum mechanics, which addresses issues like black body radiation. Overall, the conversation underscores the complexity of light emission and the limitations of both classical and quantum explanations in fully capturing the behavior of light from a bulb.