Meaning of "a heady discussion"
I recently came across the phrase "a heady discussion". Does it mean it's an exciting or stimulating discussion or is the meaning more like "a heated discussion"? Thanks.

Question

Answer

It means a discussion of matters of great importance.  In this instance, heady would be defined as "having strong effect".

Answer

I think your original interpretation is correct. Heady is more commonly used to refer to "exciting" and "fast-paced" events that happened many years ago, like "those heady days". Talking or acting in a big, excitable way without caution or fear. There is an online etymology dictionary for English on the internet, which gives lots of meanings and origins of words.

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