Maxwell's third equation indicates that the curl of the electric field is related to the rate of change of the magnetic field, suggesting a physical connection between changing electric and magnetic fields. The discussion clarifies that while "rotating" may not be the best term, the curl represents the rate of change of a vector field, which can exist without a circulating pattern. The equations can be interpreted as differential forms of Faraday's law and Ampère's circuital theorem, highlighting the significance of time-varying fields in electromagnetism. The conversation also explains how these equations lead to the derivation of electromagnetic wave equations, demonstrating the interdependence of electric and magnetic fields in wave propagation. Overall, the thread emphasizes the physical implications of Maxwell's equations in understanding electromagnetic phenomena.