The discussion clarifies the relationship between period, frequency, and angular velocity. The period is defined as the time taken for one complete rotation, while frequency is its inverse, measuring how many rotations occur per unit time. Participants emphasize that there is no concept of "centripetal velocity," and instead, angular velocity (ω) is the correct term, expressed in radians per second. They explain that angular velocity can also be measured in revolutions per minute (RPM) or revolutions per second (RPS), with all units convertible through the factor of 2π. Understanding these distinctions is crucial for grasping rotational motion concepts.