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We have documentation on Webhooks available here:
The webhook is used to call a third-party server. You can trigger a webhook based on a change in a lead record. You are just notifying that server that something happened in Marketo.
Once the server receives this notification via a webhook that something happened, you then would have to set up some logic on your end to use the Marketo APIs to update that lead record that changed. This can be accomplished either via SOAP or REST APIs.
I have an extension to this situation, where the webhook is being used in change data value flow step. The data is not updating quickly enough to immed post in the webook. Even with a 5 min wait step