wassail

Noun

• a punch made of sweetened ale or wine heated with spices and roasted apples; especially at Christmas

Verb

• propose a toast to
  • Let us toast the birthday girl!
    
  • Let's drink to the New Year
    

• celebrate noisily, often indulging in drinking; engage in uproarious festivities
  • The members of the wedding party made merry all night
    
  • Let's whoop it up--the boss is gone!
    

Related words

• Synonyms: 
  toast , drink , pledge , salute , revel , racket , make whoopie , make merry , make happy , whoop it up , jollify