Rogue AKA Keerie's blog: "Word of the Day"

wassail WAH-sul; wah-SAYL
noun;
 1. An expression of good wishes on a festive occasion, especially in drinking to someone.
 2. An occasion on which such good wishes are expressed in drinking; a drinking bout; a carouse.
 3. The liquor used for a wassail; especially, a beverage formerly much used in England at Christmas and other festivals, made of ale (or wine) flavored with spices, sugar, toast, roasted apples, etc.
adjective: 
 1. Of or pertaining to wassail, or to a wassail; convivial; as, a wassail bowl.
transitive verb: 
 1. To drink to the health of; a toast.
intransitive verb: 
 1. To drink a wassail.