To point out a moral to be learned from some event that has just occurred.
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(obsolete, slang) To celebrate with food or drink.
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Add your own interpretation of "improve the occasion".
Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
See all Regional & Other slang on Slangora.