Will someone explain the below in simple terms?

"In a 50 meter Olympic pool, at the current men’s world record 50m pace, a thousandth-of-a-second constitutes 2.39 millimeters of travel. FINA pool dimension regulations allow a tolerance of 3 centimeters in each lane, more than ten times that amount. Could you time swimmers to a thousandth-of-a-second? Sure, but you couldn’t guarantee the winning swimmer didn’t have a thousandth-of-a-second-shorter course to swim."