Lever arms significantly influence the velocity of objects in a pulley system by altering the relationship between force and distance from the pivot point. When one force is applied closer to the pivot, it requires less force to achieve the same effect as a force applied farther away, demonstrating the principles of torque and mechanical advantage. In this discussion, the tension in the strings and the positioning of the pulleys are critical to understanding how forces interact. The system behaves like a lever, where the distance from the pivot affects the resulting motion of the connected strings. Overall, the dynamics of lever arms and their impact on velocity are essential for solving problems related to pulleys and forces.