ok....as GCT as already explained, some nucleophiles get solvated.
Although it may seem that Iodine (as an example) is both a better leaving group, but at the same time reacts faster that Flourine (seems to contradict), you have to look at the other constants. Fluorine is still a better nucleophile, but because of it's charge to size ratio, it get's easily solvated and is hindered in a reaction. Iodine is less solvated; thus, it seems to react faster. But this doesn't mean it's a stronger nucleophile. This would be the same problem with other atoms. In a situation wherein solvation is non-existant, Flourine actually reacts faster than Iodine.