Source: p 46, How to Prove It by Daniel Velleman
Though the author writes $Q$ (the original apodosis) as 'You'll fail the course',
for brevity I shorten $Q$ to 'You fail'.
Let $P$ be the statement “You will neglect your homework” and $Q$ be “You fail.”
Then “You won’t neglect your homework, or you fail.” $ \quad = \color{green}{\quad \lnot P \vee Q}$.But what message is the teacher trying to convey with this statement?
Clearly the intended message is
“If you neglect your homework, then you fail,” or in other words $P \rightarrow Q.$
Thus, in this example, the statements $\lnot P \vee Q$ and $ P \rightarrow Q $ seem to mean the same thing.
Why cannot the bolded be symbolised as
$\color{darkred}{P \vee \lnot Q}$ = "You neglect your homework, or you fail not." ?
I am trying to intuit Material Implication: intuitively, how does $P \Longrightarrow Q \equiv \color{green}{\lnot P \vee Q}$ ?

The part of your post where I could find a real question is:
Answer:
No you could not. If you neglect your homework, then you’ll fail the course leaves open the possibility that somebody does not neglect their homework AND fails the course (in fact this says nothing about what happens when one does not neglect one's homework). You neglect your homework or you won't fail the course states that it is impossible that anybody does not neglect their homework AND fails the course.
Consider the statement that If one's head is severed, then one dies. You probably agree it is true. Now the analogue of your suggestion is: One is decapitated or one lives. But this is clearly wrong since there exists people who die with their head still attached to their body (most of them, actually).