Final answer:
The exaggerated statement from "Davy Crockett's Dream" reflects a hyperbolic desire for an idyllic life, using hyperbole as a way to emphasize the character's dreams.
Step-by-step explanation:
The line from "Davy Crockett's Dream" that contains an exaggerated statement is likely the one where the character dreams of buying a beautiful farm with meadows and springs and turning the horses free to roam and never to feel a spur again. This is an example of hyperbole, which is a figure of speech that involves an extreme exaggeration to create a strong impression or to emphasize a point.
Hyperbole is often used in American folklore and literature to convey characters' intense emotions or to create a humorous or ironic effect. In the context of the passage, the exaggeration helps highlight the character's yearning for an idyllic and unrestricted life for the horses, which aligns with the romanticized perspective typical of folklore narratives.