In Parseval's Theorem, the signal x(t) can be any complex or real-valued function for which the continuous Fourier transform exists. It is commonly interpreted as representing voltage or current signals, where the theorem relates to the total energy of the signal. The discussion raises concerns about interpreting x(t) as a power signal, questioning how power squared could equate to power due to differing units. The consensus is that while x(t) can technically represent power, this interpretation complicates the usual energy-based understanding of the theorem. Ultimately, the most straightforward application of Parseval's Theorem pertains to voltage or current signals.