The quote from Miguel de Cervantes' "Don Quixote" reflects on the nature of knighthood and honor. It suggests that not everyone who holds the title of “Knight” embodies the true virtues associated with it. While they may appear noble and gentlemanly, the reality is that their worth may vary greatly, akin to different metals or alchemical substances, with some being genuine and valuable, while others lack true merit.
This line also touches on the theme of authenticity. The "touch of the stone of truth" symbolizes a test or a measure that reveals the true character of individuals. It implies that appearances can be deceiving, and true honor can only be acknowledged through genuine qualities rather than titles. Thus, Cervantes critiques societal perceptions of valor and nobility, encouraging a deeper understanding of true integrity.