Walk around bottom of village for serenity (5)
I believe the answer is:
peace
'for serenity' is the definition.
(synonyms)
'walk around bottom of village' is the wordplay.
'walk' becomes 'pace' (pacing is a kind of walking).
'around' indicates putting letters inside.
'bottom of village' becomes 'e' (I can't explain this - if you can you should give a lot more credence to this answer).
'pace' enclosing 'e' is 'PEACE'.
Can you help me to learn more?
(Other definitions for peace that I've seen before include "A Christmas wish" , "Accord" , "Absence of conflict" , "an answer to all clues, initially" , "Quiet - lack of warfare" .)