Psalm 119:27

Psalm 119:27 "Make me understand the way of Thy precepts, so I will meditate on Thy wonders." NAS
When the Holy Spirit gives us understanding into the way of His precepts; when He gives us knowledge, insight, wisdom, and opens of the eyes of our heart, then we stand in awe at His wonders. We do not think on His wonders when we have no understanding of His Word. But as the eyes of our spirit are illumined, we begin to grasp the magnificent wonder of the God we love and serve.
This verse says "make me understand the way of Thy precepts." Note that it doesn't say make me understand Thy precepts, but rather make me understand the WAY of Thy precepts. The addition of the word WAY leads us to believe it is more than just understanding God's laws and commands. Understanding the WAY of His precepts leads us to understanding their purpose; the reason for their existence; what they will accomplish in the future; what the ultimate goal is; and the direction that God is guiding us.
The WAY of His precepts should also clue us in on God's nature and personality, the way He thinks, and works and His methods. The WAY of a person has to do with their inner being; their inner person; what makes them who they are. We often use the expression, "That's the WAY he does things or that's just the WAY he is." That "WAY" springs from who he is in his heart. The experiences and environment that have molded him into the person he is. That "WAY" reflects his thinking and his perception of situations.
So this verse is telling us that we don't just understand and follow a list of rules set down by God. We understand the WAY of the rules meaning we understand the person behind the rules. This way we begin to see the rules through God's eyes and through His heart. The precepts become more than a set of rules, they become the embodiment of God. The precepts become who He is and what His plan is for mankind. Then we are struck with such awe at the wonder of our God.
How remarkable that God wants us to see into His heart and to know Him and to understand His WAYS and purposes. He could have just said," Here, just follow these rules because I said so." But instead, He desires for us to have understanding into His WAYS. This understanding brings a desire to please Him and to be obedient.
The Lord's ultimate goal is to rescue us from the capturer; the one who imprisons; the one who binds up; the one who locks the prison door; the one who destroys; the one who lies. Our hearts should be so bound to the Lord that our only desire is to obey and please the Master who bought us from the wicked master who held us captive in sin. Gratefulness should flood our soul and the demonstration of our love should be evident in obedience.
Lord, help us to walk in faithfulness and obedience and to be ever mindful of the wonders You have performed.