Etymology
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festivity (n.)

"festive celebration, feast," late 14c., from Old French festiveté "celebration, festiveness, festival," from Latin festivitatem (nominative festivitas) "good fellowship, generosity," from festivus "festive," from festum "festival or holiday," neuter of festus "of a feast" (see feast (n.)). Related: Festivities.

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Definitions of festivity

festivity (n.)
any joyous diversion;
Synonyms: celebration
From wordnet.princeton.edu