Around and around, (referring to chasing Yuffie around Wutai)
up and down, (")
back and forth, (")
over your heart. (Across the chest of the statue)
Across a sharp edge, (?)
bouncing and jumping,
jumping and jumping,
twirling and stopping,
with a bright fire that gives you life (and takes it away). (There is a fire in th cave which you need to get Leviathan scales to get past) (This could also be referring to the materia that she steals, life force->magic etc.)