Meaning: This sentence describes how a team celebrates their victory by having a parade.
Choice of Words: The words "team", "celebrated", "victory", and "parade" are all related to the success and celebration of a sports team. "Team" is a group of players who play a sport together, "celebrated" means to mark an event with festivities, "victory" means to win a game or competition, and "parade" is a public procession to celebrate a victory.