So... an understatement is a figure of speech in which the writer or speaker plays down the importance or the facts of a situation.
Back in my college days I went through a bohemian phase (during the age of Lacoste polos) and arrived at my french class, at Amherst college, wearing a beret and a mini-dress. My friend, Holden, remarked, "I can see you're not in a preppy mood today."
Now-a-days, my understating self is more inclined to use this figure of speech when I get home from shopping, and after unloading bag after bag of groceries, say to my husband, "I needed to pick up a few things from the store."
In Laura Croft Tomb Raider, Laura's house has just been shot up by the bad guys and as they are cleaning things up she gets a delivery. In response to the delivery man's questioning look she responds, "I woke up this morning and I just hated everything." To him, that would have seemed like a huge understatement.
I do love understatement. But sometimes I like over the top!
How about you?