fete

 
Pronunciation: /feɪt/
(also fête)

noun

British
  • a public function, typically held outdoors and organized to raise funds for a charity, including entertainment and the sale of goods and refreshments: a church fete
  • chiefly North American a celebration or festival.

verb

[with object]
  • honour or entertain (someone) lavishly: she was an instant celebrity, feted by the media

Origin:

late Middle English (in the sense 'festival, fair'): from French, from Old French feste (see feast)