The discussion revolves around a C program that manipulates pointers and arrays to print a substring from a string. The code initializes a character array with "gate2011" and uses pointer arithmetic to calculate the starting point of the substring. Specifically, it evaluates the expression `p + p[3] - p[1]`, which effectively computes the address of the character '2' in the string. The calculation results in a pointer that points to the substring "2011". The conversation highlights the equivalence of pointers and arrays in C, noting that both `&a[4]` and `*(a + 4)` access the fifth element of an array. An alternative method to achieve the same output is also presented, simplifying the code by directly using the original array without redefining the pointer. Overall, the discussion emphasizes understanding pointer arithmetic and string manipulation in C programming.