The discussion centers on the operator P defined as P|x> = |-x>, with participants questioning whether P^2 is a projector operator and exploring its eigenvalues and eigenfunctions. It is established that P is not a projector operator since P^2|x> = |x> does not equal P|x>. The concept of eigenvalues and eigenfunctions for P is clarified, noting that P acts as a parity operator with eigenvalues of ±1. Participants also discuss the implications of the relationship |-x> = -|x> and its relevance to odd parity states. Overall, the conversation emphasizes the mathematical properties of the operator and its implications in quantum mechanics.