We use time-resolved rheology to elucidate the slow dynamics and aging in highly concentrated suspensions of multiarm star polymers. The linear and nonlinear rheological properties exhibit a terminal regime corresponding to a well-defined maximal relaxation time. Terminal relaxation is driven by arm relaxation which speeds up the escape of stars from their cages. The fact that the system fully relaxes and flows at long times has important consequences. The yield stress only exists in the limited range of frequencies or shear rates where solid-like behavior is observed. Aging is controlled by the total time elapsed after flow cessation and not by the time elapsed from flow cessation to the beginning of the measurement as in other glassy materials. Our results, which demonstrate the importance of particle architecture with respect to glassy dynamics, should be generic for long hairy particles.