The discussion revolves around the phenomenon of liquid rings forming under cups, particularly coffee mugs. Participants explore how these rings can result from spilled liquid, condensation from cold drinks, or residual water left in washed mugs. The conversation suggests that both external dribbles and internal condensation contribute to the formation of these rings. Additionally, there is speculation about whether moisture from the surface beneath the cup could also play a role. Overall, the topic highlights the various factors that can lead to the appearance of fluid circles under drinking vessels.