potlatch
/pɒtˈlætʃ/Definitions
1. noun
A ceremony or ritual, especially among the indigenous peoples of the Pacific Northwest Coast of North America, in which gifts are given and received as a way of showing respect, friendship, or generosity.
“The tribe’s annual potlatch was a grand affair, with the distribution of goods and stories of their ancestors.”
2. noun
A lavish or extravagant display of generosity or wealth, especially in the form of gifts or donations.
“The charity’s potlatch at the gala raised hundreds of thousands of dollars for the local community.”
3. verb
To give or share something, especially in a lavish or extravagant manner.
“The family decided to potlatch their wealth by donating to various charities around the world.”