Understatement is a figure of speech where the speaker intentionally downplays the significance or exaggerates less than what is actually true, often for comedic effect or to create emphasis.
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Irony involves expressing something that means the opposite of its literal meaning, often used to convey humor or sarcasm.
Litotes: Litotes is a form of understatement that uses double negatives or negation to express an idea positively. For example, saying "She's not unkind" instead of "She's kind."