The discussion focuses on the equation Cos4x + Sin4x = 1 and the misconception about taking the square root of both sides. It clarifies that sqrt(a+b) does not equal sqrt(a) + sqrt(b), and thus one cannot simply take the square root of each term in the equation. Instead, the correct approach involves recognizing that Cos4x + Sin4x can be expressed as a function of Cos2x and Sin2x, leading to the formulation Cos^4x + Sin^4x = 1 - 2Cos^2xSin^2x. The conversation also touches on using complex analysis to derive the relationship, emphasizing that the real part of the complex expression provides the correct formulation. Ultimately, the equation Cos^4(x) + Sin^4(x) does not equal 1, illustrating the importance of proper mathematical manipulation.