He performed the magic trick with great __________.

The correct answer is panache. Panache refers to a confident and stylish manner, often with a flamboyant flair. When someone performs a magic trick with great panache, it means they do so with impressive style, confidence, and a certain theatrical elegance that captivates the audience. This word perfectly describes a performer who not only executes the trick flawlessly but also does so with a captivating presence and a sense of showmanship. The other options, 'panic,' 'fear,' and 'hesitation,' all convey negative emotions or actions that would detract from a successful magic performance. A magician aims to inspire wonder and awe, not fear or uncertainty. Therefore, 'panache' is the most fitting word to describe a masterful and engaging performance, highlighting the performer's skill and captivating delivery. It implies a performance that is both technically proficient and aesthetically pleasing, leaving a lasting impression on the viewers.