Final answer:
The sentence 'There is only one way to describe George Clooney: handsome!' is correct.
Step-by-step explanation:
The sentence 'There is only one way to describe George Clooney: handsome!' is correct.
In this sentence, the subject is 'There' and the verb is 'is'. The phrase 'only one way to describe George Clooney: handsome!' is a complement that describes the subject 'There'.
This sentence structure is known as a cleft sentence, where the phrase after the colon provides an emphasis or a specific description of the subject.