The definition of a prance is a swagger or strut, or a horse's rise up onto hind legs. An example of a prance is a show horse walking on its hind legs. Prance is defined as to move about on the hind legs, or to move with a swagger or strut. An example of prance is for a deer to get up on its hind legs and jump around. pranced, pranc′ing. 1  to rise up on the hind legs in a lively way, esp. while moving along: said of a horse.  to ride on a prancing horse.