wassail -- (a punch made of sweetened ale or wine heated with spices and roasted apples; especially at Christmas)
Overview of verb wassail
The verb wassail has 2 senses
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!")
toast, drink, pledge, salute, wassail -- (propose a toast to; "Let us toast the birthday girl!"; "Let's drink to the New Year")
(TTS Sound)
