Why do the planets orbit the sun?

This topic has always been an interest in my life, as it has raised my curiousity on what is pulling the planets to be where it is. Before I have researched on it, I previously thought that it was the gravity in Space that makes its position where it is today. Well, let's take a look if I am right or wrong...

The basic reason why the planets revolve around, or orbit the sun (rotate actually is used to describe their spin, for example, the Earth completes one rotation about its axis every 24 hours, but it completes one revolution around the Sun every 365 days), is that the gravity of the Sun keeps them in their orbits. Just as the Moon orbits the Earth because of the pull of Earth's gravity, the Earth orbits the Sun because of the pull of the Sun's gravity.

Why, then, does it travel in an elliptical orbit around the Sun, rather than just getting pulled in all the way? This happens because the Earth has a velocity in the direction perpendicular to the force of the Sun's pull. If the Sun weren't there, the Earth would travel in a straight line. But the gravity of the Sun alters its course, causing it to travel around the Sun, in a shape very near to a circle. This is a little hard to visualize, so let me give you an example of how to visualize an object in orbit around the Earth, and it's analogous to what happens with the Earth and the Sun.

Imagine Superman is standing on Mt. Everest holding a football. He throws it as hard as he can, which is incredibly hard because he's Superman. Just like if you threw a football, eventually it will fall back down and hit the ground. But because he threw it so hard, it goes past the horizon before it can fall. And because the Earth is curved, it just keeps on going, constantly "falling," but not hitting the ground because the ground curves away before it can. Eventually the football will come around and smack Superman in the back of the head, which of course won't hurt him at all because he's Superman. That is how orbits work, but objects like spaceships and moons are much farther from the Earth than the football that Superman threw. This same situation can be applied to the Earth orbiting the Sun - except now Superman is standing on the Sun (which he can do because he's Superman) and he throws the Earth.

Well, so now we know, it is the gravity of the Sun that pulls the planets together! Hence, I am more or less half-correct :)