Gambol (verb)

1. To skip or leap about playfully; to frolic.
2. To move or behave in a playful or frisky manner.

Origin:

From middle english gambolle, gambolien, from old french gambade, from italian gambata, from gamba ("le.g")

Examples:

1. The children were gamboling in the playground, chasing each other and laughing.
2. The young foal gamboled around the pasture, kicking up its heels.
3. The dog gamboled around the garden, wagging its tail.
4. The dancers gamboled gracefully across the stage.
5. She gamboled around the house, feeling light and carefree.