verb (v)

• behave as expected during of holidays or rites(verb.social)

  Example:
  Celebrate Christmas.
  

  Synonym:
  keep, observe
  

  source: wordnet30
• have a celebration(verb.social)

  Synonym:
  fete
  

  source: wordnet30
• assign great social importance to(verb.social)

  Example:
  The film director was celebrated all over Hollywood.
  

  Synonym:
  lionise, lionize
  

  source: wordnet30
• To extol or honor in a solemn manner; as, to celebrate the name of the Most High.(verb)

  source: webster1913