-we would dance
The word bailaríamos is the conditional form of bailar in the first person plural.
See the full bailar conjugation


Se suponía que bailaríamos.
We were supposed to go dancing.
Harías de París la capital del mundo, y cenaríamos y bailaríamos ahí todas las noches.
You would make Paris the capital of the world, and we would dine and dance there every night.
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