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Swinging one leg back and forth like it's the clapper of a little bell, usually while hopping on the other leg. Used mostly in galliards.
The campanella as a galliard variation taking one tempo goes like this:
Other galliard variations contain shorter campanelle, which may be simply called "campanella" or may be defined in terms of the number of "beats of the campanella" (i.e. how many times the leg moves backwards or forwards).
One typically moves the leg backwards first.
It's rarely clear whether the movement comes from the hip or the knee. Both can work. Movement from the knee is often easier to execute in a controlled, tidy fashion.