David Ravenhill discusses the importance of understanding the prophetic word, emphasizing the need for a balance between the Word of God and the Spirit of God. He highlights the complexity of prophetic ministry, explaining that revelation, interpretation, and application are crucial components of a prophetic word. Ravenhill warns against the extremes of gullibility and skepticism, urging believers to examine prophetic utterances carefully. He also stresses the significance of motivation and the conditions that can affect the fulfillment of prophetic words, encouraging the church to embrace the prophetic as a vital tool for edification and guidance.