Meaning of wassail

(noun) a punch made of sweetened ale or wine heated with spices and roasted apples; especially at Christmas

(verb) celebrate noisily, often indulging in drinking; engage in uproarious festivities; "The members of the wedding party made merry all night"; "Let's whoop it up--the boss is gone!"

propose a toast to; "Let us toast the birthday girl!"; "Let's drink to the New Year"