What does the cryptic crossword clue "Deeply distressed, blowing up nice balloons (12)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Deeply distressed, blowing up nice balloons (12)

Guardian Cryptic #24502 | 22 Across | 2008-09-24 flower

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