potlaches

noun
  1. Plural of potlatch; ceremonial feasts practiced by Indigenous peoples of the Pacific Northwest in which a host gives away or destroys wealth to demonstrate status and generosity.
  2. Usage: Primarily refers to the cultural practice of First Nations and Native American groups, especially the Tlingit, Haida, and Kwakwaka'wakw peoples.; The term comes from Chinook Jargon.

Examples