Equilibrium Summary

According to the book when an object is in equilibrium it can be either moving or at rest, but it has to be at a constant velocity. In order for the object to be at equilibrium the net force acting upon the object must equal zero. This is all described by Newton in his first law. The example given in the book is one of a fishing bob, but I feel I can give my own example...which may or may not be correct. Imagine two children fighting over a stuffed toy. One child pulls the other arm while the other child pulls the other. The toy in the middle will be in a state of equilibrium if the two children pull with the same force. This is because it will be at a constant velocity and the forces exerted by the children will cancel out. Below is a diagram that represents my theoretical situation.