A model with a very large context window can technically hold hundreds of pages of text at once, and that's genuinely useful โ it means you can hand over an entire contract, codebase, or research corpus without pre-chunking it yourself. But there's an attention tax: everything in that context is competing for the model's limited attention, and a single relevant paragraph buried among 200 pages of noise gets diluted.
The capability of a large context window and the strategy of how you use it are two different things โ having room for a million tokens doesn't mean the best move is filling it.