We revisit the construction of the tensionless limit of closed bosonic string
theory in the covariant formulation in the light of Galilean conformal symmetry
that rises as the residual gauge symmetry on the tensionless worldsheet. We
relate the analysis of the fundamentally tensionless theory to the tensionless
limit that is viewed as a contraction of worldsheet coordinates. Analysis of
the quantum regime uncovers interesting physics. The degrees of freedom that
appear in the tensionless string are fundamentally different from the usual
string states. Through a Bogoliubov transformation on the worldsheet, we link
the tensionless vacuum to the usual tensile vacuum. As an application, we show
that our analysis can be used to understand physics of strings at very high
temperatures and propose that these new degrees of freedom are naturally
connected with the long-string picture of the Hagedorn phase of free string
theory. We also show that tensionless closed strings behave like open strings.Comment: 40 pages; v2: references added, minor text edit