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Definitions:
Noun
potlatch
Definition: a ceremonial feast held by some Indians of the northwestern coast of North America (as in celebrating a marriage or a new accession) in which the host gives gifts to tribesmen and others to display his superior wealth (sometimes, formerly, to his own impoverishment)
Definition: A ceremony amongst certain indigenous peoples of the Pacific Northwest in which gifts are bestowed upon guests and personal property is destroyed in a show of generosity and wealth.
Verb
Definition: To give; especially, to give as a gift during a potlatch ceremony.