Definitions:

1. An event typically organized to mark a special occasion, raise funds, or honor achievements. NOUN
   • The gala affair successfully raised fund to support the local community center.
2. Refers to a formal, grand, or festive event or celebration, often associated with elegance, luxury, and significance. NOUN
   • The gala affair was the highlight of the year, with celebrities and dignitaries in attendance.

Synonyms:

• elegant party
• festive gathering
• formal event
• gala
• grand celebration