Acharya Prashant explains that identifying oneself with the body leads to various psychological conflicts and social hierarchies, such as the distinction between seniors and juniors. He points out that seniority is merely a matter of physical age, and if one values the body, one must also accept the limitations and bondages that come with age. He highlights the contradiction in human behavior where one might appreciate a person's body in one context while resenting another person's seniority in a professional setting, despite both being based on physical age. Living in facts means recognizing these contradictions and understanding that such conflicts arise from a deep-seated body-consciousness.