Source : Webster's Revised Unabridged Dictionary (1913)

Gambol \Gam"bol\ v. i. [imp. & p. p. {Gamboled}, or {Gambolled};
   p. pr. & vb. n. {Gamboling} or {Gambolling}.]
   To dance and skip about in sport; to frisk; to skip; to play
   in frolic, like boys or lambs.

Gambol \Gam"bol\ (g[a^]m"b[o^]l), n. [OE. gambolde, gambaulde,
   F. gambade, gambol, fr. It. gambata kick, fr. L. gamba leg,
   akin to F. jambe, OF. also, gambe, fr. L. gamba, hoof or
   perh. joint: cf. Gr. kamph` a binding, winding, W., Ir. &
   Gael. cam crooked; perh. akin to E. chamber: cf.F. gambiller
   to kick about. Cf. {Jamb}, n., {Gammon} ham, {Gambadoes}.]
   A skipping or leaping about in frolic; a hop; a sportive
   prank. --Dryden.

Source : WordNet®

gambol
     n : gay or light-hearted recreational activity for diversion or
         amusement; "it was all done in play"; "their frolic in
         the surf threatened to become ugly" [syn: {play}, {frolic},
          {romp}, {caper}]
     v : play boisterously; "The children frolicked in the garden";
         "the gamboling lambs in the meadows"; "The toddlers
         romped in the playroom" [syn: {frolic}, {lark}, {rollick},
          {skylark}, {disport}, {sport}, {cavort}, {frisk}, {romp},
          {run around}, {lark about}]
     [also: {gambolling}, {gambolled}]