The quote reflects a significant admiration for the character Damerel, who has unexpectedly expressed a desire to pursue a romantic relationship. The speaker reveals their astonishment at Damerel's willingness to change his lifestyle for this person, highlighting the rarity and importance of such a development in their eyes. This indicates that Damerel is not only intriguing but also capable of transformation, which is a notable achievement in the social context of the story.

Furthermore, the speaker’s pride in this development suggests a deep appreciation for personal growth and the hopeful prospect of love. Their statement reveals a sense of joy and triumph at the idea of such a noble and potentially life-altering choice. By comparing their feelings to being "as proud as a peacock," the speaker conveys the overwhelming delight that such an unusual courtship brings, emphasizing the value placed on romantic pursuits and character redemption in the narrative.