celebrate

sense 1: celebrate, as of holidays or rites; "Keep the commandments"; "celebrate Christmas"; "Observe Yom Kippur"
observe celebrate keep

sense 2: have a celebration; "They were feting the patriarch of the family"; "After the exam, the students were celebrating"
celebrate fete

sense 3: assign great social importance to; "The film director was celebrated all over Hollywood"; "The tenor was lionized in Vienna"
lionize lionise celebrate