Potlatch

Webster's Dictionary of the English Language

·add. ·noun Hence, a feast given to a large number of persons, often accompanied by gifts.

II. Potlatch ·add. ·noun 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.