The princess gracefully danced around the ballroom.

Meaning: This means the princess was moving to the music in a very smooth, elegant, and effortless way in the large room where people were dancing.

Choice of Words: Gracefully means in a smooth, elegant, and effortless manner. Danced means to move rhythmically to music. Ballroom is a large room where people dance. When you put them together, "gracefully danced around the ballroom" means to move rhythmically to music in a smooth, elegant, and effortless manner in a large room where people dance.

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Related Expressions