Source : Webster's Revised Unabridged Dictionary (1913)

Festival \Fes"ti*val\, a. [OF. festival, fr. L. festivum festive
   jollity, fr. festivus festive, gay. See {Festive}.]
   Pertaining to a fest; festive; festal; appropriate to a
   festival; joyous; mirthful.

         I cannot woo in festival terms.          --Shak.

Source : WordNet®

festival
     n 1: a day or period of time set aside for feasting and
          celebration
     2: an organized series of acts and performances (usually in one
        place); "a drama festival" [syn: {fete}]