Acharya Prashant explains that transmigration and rebirth are not events that occur after physical death but are continuous processes happening in every moment. He defines rebirth as the act of taking on new identities and changing one's self-understanding. While mental states and identities shift constantly, the one who realizes the Self remains established in an unchanging state. He clarifies that the specific individual identity, such as a person's name or physical traits, does not persist or reincarnate; rather, it is the underlying ego-tendency that continues to manifest in various forms. Using the metaphor of flies on a lump of jaggery, he describes how temporary identities and tendencies attach themselves to the core ego-tendency and then disappear. The speaker emphasizes that the sense of a continuous life story is an illusion created by the ego-tendency as it moves through different states. He points out that the ego-tendency is inherently incomplete and always seeking to be 'something,' which is the root of all suffering. Unlike animals, humans have the unique potential to either transcend their bodily tendencies or further entrench themselves in them. Ultimately, liberation is described not as a meeting, but as the ego-tendency merging back into the infinite and formless Self. He concludes that the pursuit of spiritual knowledge or scriptures is a response to the suffering caused by the existence of the ego.