Yeah, you kinda have to think of a motor as a variable resistor which is dependant on mechanical load.
When a motor is running, it's impedance is X, so Y amount of current is pulled with Z voltage.
If you decrease or increase the mechanical load, the impedance will change, so less or more current will flow with the same voltage.
This impedance comes from the coil wires, which has two components: DC resistance and inductance. DC resistance is the pure resistive component and is very small since a coil is simply a length of wire. The inductance is resistance that changes with frequency and called inductive reactance (formula is XL = 2 x Pi x frequency x inductance). Increase in frequency means an increase of inductive reactance. The total impedance is a vector sum of the resistance (0* phase angle) and the inductive reactance (-90* phase angle).
Now a coil with AC voltage running through it creates an electromagnetic field. This field expands and contracts, and while doing this, induces a counter voltage in the adjacent coil windings. This counter voltage is impeding current flow, which in effect, looks like added resistance.
Ok, so now you have a motor which can be mechanically loaded. At no load, a certain amount of back-EMF is generated with a given amount of voltage. This produces a current value. When you mechanically load a motor, you are still applying the same voltage, but since the motor is spinning slower (because of the load), less back-EMF is generated, which appears as less resistance, so more current flows.
Load a motor too much and the it stalls. This results in NO back-EMF and therefore the current is limited only by the wires/battery/ESC and the DC resistance of the coil wires (which you recall is VERY low). So, if a motor has 0.01 ohms of coil resistance, at 14.4v (4s), the current theoretically could be
1,440A (14.4v / 0.01 ohms)! Of course, niether your batteries or ESC or motor can handle this for more than a few milliseconfds without extreme heat (otherwise known as fire

).
So, it's not as simple as pure ohms law, but with a little study, it DOES all tie together.