The discussion revolves around the relationship between shear stress and kinematic viscosity in fluid mechanics, specifically for Newtonian and non-Newtonian fluids. The constant in the equation is identified as viscosity, which relates shear stress to shear rate in Newtonian fluids. Participants clarify that for Newtonian fluids, the relationship is linear, while for non-Newtonian fluids, viscosity varies and the relationship is non-linear. The conversation emphasizes the importance of understanding these distinctions when analyzing fluid behavior. Overall, the key takeaway is the role of viscosity as the constant in the shear stress equation for Newtonian fluids.