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potlatch

pot·latch [ pót làch ] (plural pot·latch·es)


noun 
Definition:
 
Native N American ceremony: among Native American peoples of the coast of northwestern North America, a ceremony of feasting in which the host gains prestige by giving gifts or, sometimes, destroying wealth

[Mid-19th century. < Chinook Jargon patlaˇ< Nootka p'achitl "giving or gift"]
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