The discussion centers on the distinction between the infinitesimal velocity of a rocket at time t+dt and the real velocity of the ejected product. Participants clarify that the ejected product's velocity is considered a real quantity, while the rocket's velocity remains infinitesimal due to its minimal change over a small time interval. There is confusion regarding the notation for mass changes, with some questioning why the rocket's mass isn't simply expressed as m-dm and the ejected mass as (+)dm. The conversation concludes with a consensus that the notation works out in the context of the rocket's motion. Understanding these distinctions is crucial for grasping the rocket equation's implications in physics.