fete vs make merry

fete is a noun but make merry is not a noun.

Word	Noun	Adjective	Verb	Adverb
fete	Yes	No	Yes	No
make merry	No	No	Yes	No

As verbs, make merry is a hyponym of fete; that is, make merry is a word with a more specific, narrower meaning than fete:

fete: have a celebration
make merry: celebrate noisily, often indulging in drinking; engage in uproarious festivities

fete (noun)	make merry (noun)
an organized series of acts and performances (usually in one place)
an elaborate party (often outdoors)

fete (verb)	make merry (verb)
have a celebration	celebrate noisily, often indulging in drinking; engage in uproarious festivities