This is the 9219th most frequent Russian word.
смысл
Meaning; sense; purpose.
The word 'смысл' here means 'point' or 'reason', indicating the futility or lack of good reason to continue the argument.
Я не вижу смысла продолжать этот спор.
I don't see the point in continuing this argument.
In this sentence, 'смысл' means 'meaning' or 'essence' of the story, indicating its deeper significance.
У этой истории глубокий смысл.
This story has a deep meaning.
Here, 'смысл' again means 'meaning', specifically referring to the interpretation or understanding of the words.