The document discusses the point-slope formula for writing the equation of a line given a point and slope. It provides examples of using the formula, such as writing the equation of the line through point (3, -2) with slope 5. It also discusses that horizontal lines have a slope of 0 and the equation y=b, since the y-coordinate remains constant while the x-coordinate changes. The slope of a horizontal line is 0 because when calculating slope using two points, the change in y-values is 0.