Etymology
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merriment (n.)

1570s, "comedic or mirthful entertainment," from from obsolete verb merry "be happy; make happy" (Old English myrgan; see merry (adj.)) + -ment. General sense of "state of being merry, mirth" is from 1580s.

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Definitions of merriment

merriment (n.)
a gay feeling;
Synonyms: gaiety
merriment (n.)
activities that are enjoyable or amusing;
Synonyms: fun / playfulness
From wordnet.princeton.edu