To calculate the power generated by pulling a 1100 kg object at a constant velocity of 5 m/s with a force of 122 N at a 37-degree angle, the basic formula for power, P = F x v, suggests a value of 610 watts. However, the discussion emphasizes the need for a deeper understanding of the forces involved, including the importance of free body diagrams to analyze the situation accurately. Participants highlight that calculating work using W = Fdcos(37) may be necessary, especially when considering the object's initial state. The conversation stresses the importance of showing one's own effort before receiving help with homework problems. Overall, a comprehensive approach is needed to solve the power calculation accurately.