The discussion centers on understanding the limit theorem stating that if the limit of the ratio of two functions approaches a non-zero constant as one function approaches zero, then the other function must also approach zero. A non-rigorous explanation suggests that since the ratio approaches a constant, both functions must be approximately equal near the limit point. Participants suggest testing the theorem with counterexamples to better grasp its validity. The necessity for the constant to be non-zero is also questioned, with an explanation provided that multiplying by g(x) leads to the conclusion that f(x) must approach zero. Overall, the discussion emphasizes the relationship between the limits of f(x) and g(x) in the context of the theorem.