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From The Collaborative International Dictionary of English v.0.48:
Gayety \Gay"e*ty\, n.; pl. Gayeties. [Written also gaiety.] [F. gaiet['e]. See Gay, a.] 1. The state of being gay; merriment; mirth; acts or entertainments prompted by, or inspiring, merry delight; -- used often in the plural; as, the gayeties of the season. [1913 Webster] 2. Finery; show; as, the gayety of dress. Syn: Liveliness; mirth; animation; vivacity; glee; blithesomeness; sprightliness; jollity. See Liveliness. [1913 Webster]