How to extract Audio from Youtube Flash Video (FLV) in Ubuntu Linux

First you need youtube-dl tool or ‘cclive’ to download the Youtube .FLV file.

Then, download the Youtube stream.
python youtube-dl

Alternatively, you can use ‘cclive’ to download the youtube stream.

After that, use ffmpeg to extract the audio and encode it to MP3
ffmpeg -i lee7a55401e.flv vn -acodec libmp3lame -ab 128000 -ar 44100 lee7a55401e.mp3

Note: You need to install the restricted codecs in order to extract MP3 audio files.

Thanks Mohammad Bahathir Hashim for the tip!