Syllable division derived from spelling — this word is not in the pronouncing dictionary, so no phonetic transcription is shown rather than a guessed one.
libation is a noun meaning "(facetious) a serving of an alcoholic beverage". It carries 3 recorded senses.
a serving (of wine) poured out in honor of a deity
the act of pouring a liquid offering (especially wine) as a religious ceremony
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for libation come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.