Yes, a potlatch is indeed best described as a social ceremony, traditionally practiced by Indigenous peoples of the Pacific Northwest Coast of North America. It serves various social functions, including the reinforcement of social status, the distribution of wealth, and the celebration of important events such as marriages, births, or the naming of a child.
During a potlatch, hosts give away or destroy wealth—such as food, blankets, and other goods—to demonstrate their status and generosity. The event is rich in cultural significance and involves various rituals, feasting, dancing, and storytelling. Potlatches can also serve to strengthen communal ties and reaffirm social hierarchies within the community. In summary, potlatches play a crucial role in the social fabric and cultural identity of the groups that practice them.