1) Describes a long,and large, stick that is used to move a large object. One of the great fundamental technological advances in the history of human kind.
“Give me a lever long enough, and a fulcrum strong enough, and single-handed I can move the world.” -Archimedes
2) The word “leverage” in a meeting it a sure sign that things have stopped progressing. Use a long stick to hit the person who said it so they wake up and do something meaningful.
3) The word leverage really means that “someone else will do the work”. As in, “we can leverage that issue and get marketing to change their position” or (far more likely) “I am sure we can leverage our skills and get Networking to solve this problem”.