wassail vs fete

wassail and fete both are nouns.

Word	Noun	Adjective	Verb	Adverb
wassail	Yes	No	Yes	No
fete	Yes	No	Yes	No

As verbs, fete is a hypernym of wassail; that is, fete is a word with a broader meaning than wassail:

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

Other hypernyms of wassail include celebrate.

wassail (noun)	fete (noun)
a punch made of sweetened ale or wine heated with spices and roasted apples; especially at Christmas	an organized series of acts and performances (usually in one place)
	an elaborate party (often outdoors)

wassail (verb)	fete (verb)
propose a toast to	have a celebration
celebrate noisily, often indulging in drinking; engage in uproarious festivities