balloon
The Spanish word 'globo' translates to 'balloon' in English. Apart from its most common usage to denote a helium or hot-air filled spherical object often used for decoration purposes or transportation in certain situations, it may also refer to a comic strip or the dialogue box in a comic strip in an extended sense. Moreover, in a colloquial context, 'globo' may mean an idea that is impractical or unrealistic, much like the English phrase 'an air balloon idea'. However, the appropriate meaning is usually determined by the context.
My son has a red balloon
This sentence refers to a child's possession of a red balloon. In Spanish, the color adjective (here 'rojo') is placed after the noun it describes (in this case, 'globo').
The hot air balloon was flying high in the sky
This sentence introduces a compound word - 'globo aerostático', or 'hot air balloon'. This phrase describes the balloon's altitude in the sky. In Spanish, the verb (here 'volaba') often follows the subject (here 'El globo aerostático').
The party balloon deflated
This sentence introduces you to a passive verb phrase (se desinfló), which in English is expressed with the verb 'deflated'. The subject of the sentence is the balloon from the party, 'El globo de la fiesta'.