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merrymaking (n.)

also merry-making, "a convivial entertainment, a mirthful festival," 1714, from an inversion of the verbal phrase make merry "be happy, be cheerful, be joyous, frolic" (late 14c.); see make (v.) + merry (adj.). The earlier noun was merry-make (1570s). Related: Merry-maker (1827).

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Definitions of merrymaking from WordNet

merrymaking (n.)
a boisterous celebration; a merry festivity;
Synonyms: conviviality / jollification
From wordnet.princeton.edu