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From The Collaborative International Dictionary of English v.0.48:
Jollity \Jol"li*ty\, n. [From Jolly: cf. OF. joliet['e], jolivet['e].] Noisy mirth; gayety; merriment; festivity; boisterous enjoyment. --Chaucer. [1913 Webster] All now was turned to jollity and game. --Milton. [1913 Webster] He with a proud jollity commanded him to leave that quarrel only for him, who was only worthy to enter into it. --Sir P. Sidney. Syn: Merriment; mirth; gayety; festivity; hilarity. [1913 Webster]