Etymology: (1175–1225; ME was-hail=was be (OE wæs, var. of wes, impv. of wesan to be; akin to was ) +hailhale1, in good health (< ON heill hale))
Definition of 'wassail'
Princeton's WordNet
1. (verb)wassail a punch made of sweetened ale or wine heated with spices and roasted apples; especially at Christmas
2. (verb)revel, racket, make whoopie, make merry, make happy, whoop it up, jollify, wassail 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!"
3. (verb)toast, drink, pledge, salute, wassail propose a toast to "Let us toast the birthday girl!"; "Let's drink to the New Year"
Definition of 'wassail'
Webster Dictionary
1. (adj)wassail of or pertaining to wassail, or to a wassail; convivial; as, a wassailbowl
3. (noun)wassail an occasion on which such good wishes are expressed in drinking; a drinking bout; a carouse
4. (noun)wassail the liquor used for a wassail; esp., 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.; -- called also lamb's wool