I've heard 2 different thoughts on this one:
1) That there are very few eligible candidates. It requires a sure knowledge that very few obtain. You know, the ol' "you can count on both hands the number of eligible people" routine. This is the explanation I prefer.
2) The turning completely from the Melchizedek Priesthood condemnation. In the oath and covenant we read that "whoso breaketh this covenant after he hath received it, and altogether turneth therefrom, shall not have forgiveness of sins in this world nor in the world to come." I believe that this exact phrasing is used in the NT to describe the sin against the Holy Ghost. I guess what is important in this line of thinking is what exactly constitutes "turn[ing] altogether therefrom." If this were all that was required to commit the unpardonable sin, then one can imgaine there being a whole host of candidates.
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