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1.
To simultaneously celebrate and berate something.
On Fourth of July we can celeberate the USA.

by Yapplebee April 05, 2008
 
2.
To simultaneously celebrate and berate something, often in a cynical or conflicted manner.
I can't help but celeberate Jenna's outfit-- I admire her attempt to successfully mix plaid and floral, but she took it too far with the leopard print leggings.
by Yapplebee April 08, 2008