Parallel paths in armature windings refer to the number of current-carrying paths available in a generator's winding configuration. In lap windings, the number of parallel paths equals the number of poles and brushes, making it suitable for high current, low voltage applications. Conversely, wave windings have two parallel paths and can accommodate multiple brush positions, making them ideal for high voltage, low current scenarios. Recent discussions indicate updates in the understanding of DC windings, reflecting ongoing developments in the field. Resources shared in the discussion provide further insights into these winding types and their applications.