The modulus of rigidity, also known as shear modulus, quantifies a material's response to shear stress and is defined as the ratio of shear stress to shear strain. It is crucial for understanding how materials deform under tangential forces, with the equation τ = Gγ illustrating this relationship. The discussion also touches on Young's Modulus and Bulk Modulus, which apply to solid materials and fluids, respectively, highlighting the broader context of material rigidity. Rigidity measures a structural member's resistance to length change, while flexibility is its inverse. The conversation concludes with a request for assistance in deriving the equation G = E/2(1+U), emphasizing the need for clarity on shear strain and stress relationships.