The discussion revolves around simplifying two mathematical expressions: (y^2 + 1)/(y^2 - 1) and (t^2 - s^2)/(s + t)^2. The first expression cannot be simplified further because y^2 + 1 does not factor in a way that allows for cancellation with y^2 - 1. The second expression can be simplified by recognizing that t^2 - s^2 is a difference of squares, which factors into (t - s)(t + s). Participants emphasize the importance of proper factorization and caution against incorrect assumptions about simplification. Ultimately, understanding these factorization techniques is crucial for solving similar problems effectively.