[gey-lee] /ˈgeɪ li/

with merriment; merrily; joyfully; cheerfully.
with showiness; showily.
in a lively manner; cheerfully
with bright colours; showily

also gayly, late 14c., from Middle English gai (see gay) + -ly (2). “The spelling gaily is the more common, and is supported by the only existing analogy, that of daily” [OED].

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