potlatch

Noun

pot=latch

CIDE DICTIONARY

potlatch, n. [Chinook potlatch, pahtlatch, fr. Nootka pahchilt, pachalt, a gift.].

Among the Kwakiutl, Chimmesyan, and other Indians of the northwestern coast of North America, a ceremonial distribution by a man of gifts to his own and neighboring tribesmen, often, formerly, to his own impoverishment. Feasting, dancing, and public ceremonies accompany it. [Webster 1913 Suppl.]
Hence, a feast given to a large number of persons, often accompanied by gifts. [Webster 1913 Suppl.]

potlatch, n. (among N. American Indians) a ceremonial giving away or destruction of property to enhance status.

Etymology

Chinook f. Nootka patlatsh gift

For further exploring for "potlatch" in Webster Dictionary Online

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