The text discusses the definition of the word "summarize" and its importance in conveying information concisely. It argues that summarizing involves identifying the key ideas and presenting them in a shorter, condensed version. It also emphasizes the role of summarization in academic, professional, and everyday communication, highlighting the need for effective summarizing skills in order to effectively convey and retain information. Furthermore, it suggests that summarizing is a valuable tool for understanding and synthesizing complex ideas, making it a crucial skill to develop.