potlatch (n.)

1845, among some American native peoples, "a gift," from Chinook jargon pot-latch, "a gift," from Nootka (Wakashan) patshatl "giving, gift." Later (1865) in sense "An Indian feast, often lasting several days, given to the tribe by a member who aspires to the position of chief, and whose reputation is estimated by the number and value of the gifts distributed at the feast" [Century Dictionary, 1895]