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carouse (v.)

"to drink freely and revel noisily," 1550s, from Middle French carousser "drink, quaff, swill," from German gar aus "quite out," from gar austrinken; trink garaus "to drink up entirely." Frequently also as an adverb in early English usage (to drink carouse).

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Definitions of carouse from WordNet
1
carouse (v.)
engage in boisterous, drunken merrymaking;
Synonyms: roister / riot
2
carouse (n.)
revelry in drinking; a merry drinking party;
Synonyms: carousal / bender / toot / booze-up
From wordnet.princeton.edu