The Collaborative International Dictionary of English v.0.48:

Gild \Gild\ (g[i^]ld), v. t. [imp. & p. p. Gilded or Gilt
   (?); p. pr. & vb. n. Gilding.] [AS. gyldan, from gold gold.
   [root]234. See Gold.]
   1. To overlay with a thin covering of gold; to cover with a
      golden color; to cause to look like gold. "Gilded
      chariots." --Pope.
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            No more the rising sun shall gild the morn. --Pope.
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   2. To make attractive; to adorn; to brighten.
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            Let oft good humor, mild and gay,
            Gild the calm evening of your day.    --Trumbull.
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   3. To give a fair but deceptive outward appearance to; to
      embellish; as, to gild a lie. --Shak.
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   4. To make red with drinking. [Obs.]
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            This grand liquior that hath gilded them. --Shak.
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WordNet (r) 3.0 (2006):

gild
    n 1: a formal association of people with similar interests; "he
         joined a golf club"; "they formed a small lunch society";
         "men from the fraternal order will staff the soup kitchen
         today" [syn: club, social club, society, guild,
         gild, lodge, order]
    v 1: decorate with, or as if with, gold leaf or liquid gold
         [syn: gild, begild, engild]