pot·latch
ˈpät-ˌlach
1
: a ceremonial feast of the American Indians of the northwest coast marked by the host's lavish distribution of gifts or sometimes destruction of property to demonstrate wealth and generosity with the expectation of eventual reciprocation
2
Northwestern US
: a social event or celebration
potlatched; potlatching; potlatches
1
: to give (something, such as a gift) especially with the expectation of a gift in return
2
: to hold or give a potlatch for (a tribe, a group, etc.)
: to hold or give a potlatch
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Merriam-Webster unabridged
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