The discussion centers on the speed of light in a Michelson interferometer, specifically regarding its speed to and from a mirror. It clarifies that the speed of light in a vacuum is always constant at c, regardless of the motion of the source or observer. The original misconception by Michelson and Morley was that light would travel at c+v or c-v depending on its direction relative to the aether. The conversation highlights the importance of understanding that the speed of light remains c, debunking the aether theory. Ultimately, the discussion emphasizes the consistency of light's speed in a vacuum, regardless of external factors.