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47 years later and I'm still not quite sure what "She can make point 5, past light speed." means.
It's dumb but it's been retroactively taken to mean that it has a Class 0.5 hyperdrive, whereas a Star Destroyer has a Class 2. (Smaller class numbers are faster.) Light speed in Star Wars can be much faster than the speed of light.
But then, pretty much everything to do with specifications and numbers of Star Wars tech is a clusterfuck of technobabble that makes Voyager's look coherent.
I don't think you are meant to over think it
But see, that's not something us techie nerds can do. We LIVE to overthink these things.
I always thought of it as 1.5 light speed
Which isn't a practical speed for interstellar travel. It's literally just over warp 1.
More practical would be to assume that there's a k missing 1.5k (thousand) light speed is warp 9.975.
The cope for awhile was that it was 1.5x lightspeed while in hyperspace, which also distorted distances, so you got much, much faster travel speeds without messing with relativity.
Then they decided it was a multiplier applied to how long it took to travel a certain route, so lower was better.