The point of the coproduct is to create another (relatively small?) pointed set with unique copies of the given sets, while the product produces a large pointed set with many copies of the sets inside.
For example, the coproduct of two pointed circles is a figure eight with the point at the middle, while the product is a torus with a point $(x_0,y_0)$ on its surface given by the location of the original points in the circles?
This is a naive way of doing it since this probably won't work for every category, especially not bizarre unfamiliar ones. But it works for ones I can think of.
@PedroTamaroff Oh, right, haha. Yeah, that took a loooooong time to post. The server gets really buggy when your post starts to get long since it recompiles every like second or so
@Pedro And there's a counterexample to the 'the coproduct picks the smallest object that contains both' thing. The free product is, of course, gigantic.
@Alizter all you need is a bit of imagination. Try to see what happens beyond those figures, how they can be seen. When you look at such a limit you don't have to see a static image, but a dynamic image, you need to see things turning in alternative forms that you can manipulate the way you want to.
@Alizter Let $(w_n)_n$ be a sequence of positive numbers , and $\displaystyle \lim_{n\to\infty} \frac{w_{n+1}}{w_{n}}=l$, finite or infinite, then $\lim_{n\to\infty} \sqrt[n]{w_n}=l$.