[TypeConverter(typeof(EnumDescriptionTypeConverter))]
public enum Status

    public override object ConvertTo(ITypeDescriptorContext context, CultureInfo culture, object value, Type destinationType)
    {
        if (destinationType == typeof(string) && value is MyEnumType)
        {
            MyEnumType enumValue = (MyEnumType)value;
            switch (enumValue)
            {
                case Option1: return "This is the first option";
                case Option2: return "This is the second option";
                ...
            }
        }

        return string.Empty;
    }