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imbibement 

derived from the verb "imbibe", imbibement refers to the object of what is denoted by the verb. In other words, imbibements are the substances consumed during the act of drinking, soaking up, or absorbing (i.e., imbibing).

Imbibements often refer to beverages, especially of the alcoholic type
The party had a fine selection of imbibements, including wine, beer, and virgin margaritas.
imbibement by elle renae March 7, 2011
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imbibery 

The act of drinking (from imbibe) in excess (-y added to convert it into a nominative, after debauchery, usury, etc)
John's imbibery caused him to lose his family, job, and respect in the community
imbibery by jcsegenmd June 3, 2012
Outsmarting the system financially so that you can live a baller lifestyle.
Sheila: OMG Carrie, I just got this Gucci bag for 40% off on Gilt and a last minute flight deal to Paris for only $400.

Carrie: Wow Sheila, you are SO invibed!
invibed by Suns Out Guns Out September 18, 2014
(v.) To drink; To take in.
latin root bibet (drink)
The man imbibed his surroundings.
imbibe by Silicon January 18, 2003
To infuse with emotion either good or bad.
To invibe her with a positive groove they danced around until she couldn't help but feel their good intentions wash over her.
invibe by çinaptic September 10, 2011

Designated Imbiber 

An individual who is assigned the task of drinking for other people because they are driving, pregnant, or have to get up early the next morning.
Guy 1: Wanna play some beer pong?
Guy 2: I wish, but I have to be at work at 8AM tomorrow.
Guy 1: It's fine, I'll be the designated imbiber.
Word of the Day on June 21, 2013

imbibery 

A place where one goes to imbibe alcoholic beverages.
The local imbibery was doing a brisk business during the holiday season.
imbibery by Dan Reilly April 17, 2007