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1.
PRANCY: adverb, sometimes an adjective. pran-see An expression of joy, curiosity, and adventure.

Background: When rabbits are happy, they jump and twist, called a binky. When a rabbit binkies, it jumps into the air, often with twists and flicks of its feet and head. Unfortunately they don't judge where they're going to land, and binky into the wall, tree, or furniture.

When a person feels PRANCY, the same can happen, stumble into a chair or trip down the stairs. Still joyful.
Excited about the state of the skies — meteor showers and full moon and lunar eclipse solstice. Even though I don't have a clue what they mean, I'm all prancy inside about these.
by prisonbaby May 30, 2011
 
2.
A person that has prancy like qualities.
Joshua is a prancy !
by Stepf8 April 26, 2010