Rounding Off
Half and half ONE
Theme: In the printed version: encircled letters in long phrases spell round objects
Privileged group, and aptly highlighted feature of {theme} INNERCIRCLE [apt because while the words are “circular” they are also in circles]
LOIRATING:

Three grins = Excellent: Loved it; Two grins = Good: Enjoyed it; One grin = Satisfactory: A bit bland for my taste; One teardrop = Unsatisfying: No fun